secwatch.observer — SEC 8-K summary
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Issuer:     Nogin, Inc. (—)
CIK:        0001841800
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001193125-23-082154
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nogin implements 1-for-20 reverse stock split to comply with Nasdaq minimum bid price
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- Reverse stock split effective 5:00 p.m. EDT on March 28, 2023; every 20 shares become 1 share.
- Common stock begins trading on split-adjusted basis March 29 under symbol NOGN, new CUSIP 65528N204.
- No fractional shares issued; cash paid in lieu based on closing price on effective date.
- Warrants adjusted: public/private placement exercise price becomes $230.00; PIPE warrants become $0.20.
- Split intended to meet Nasdaq Global minimum bid price listing requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841800/000119312523082154/0001193125-23-082154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841800/000119312523082154/d493290d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-082154

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