---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-102213"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T01:49:29.237851+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma implements 1-for-20 reverse stock split to meet Nasdaq bid price rule

## Summary
- Board set ratio at 1-for-20; filed Certificate of Amendment with Delaware on April 14, 2023.
- Outstanding shares reduced from ~133.3M to ~6.7M; no fractional shares issued, cash in lieu.
- Stockholders approved reverse split on Jan 5, 2023; trading starts post-split April 17 under MEIP.
- New CUSIP 55279B301; exercise prices of options/warrants proportionally adjusted.
- Computershare acting as transfer agent; book-entry holders need no action.

## SEC filing metadata
- accession: 0001193125-23-102213
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000119312523102213/0001193125-23-102213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000119312523102213/d483010d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-102213
- JSON: https://secwatch.observer/filing/0001193125-23-102213.json
- Plain text: https://secwatch.observer/filing/0001193125-23-102213.txt

## Key facts
- Governance Changes
  Lite Strategy, Inc.: Filed a Certificate of Amendment to implement a 1-for-20 reverse stock split of common stock, par value $0.00000002 per share (effective 2023-04-14).
  - Change: charter amendment
  - Effective: 2023-04-14
  source text: On April 14, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware, to implement the 1-for-20 reverse split of its common stock (the “Reverse Stock Split”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523102213/0001193125-23-102213-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.