secwatch.observer — SEC 8-K summary
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Issuer:     Molecular Templates, Inc. (—)
CIK:        0001183765
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001193125-23-210731
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Molecular Templates implements 1-for-15 reverse stock split to regain Nasdaq compliance
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- Reverse split ratio set at 1-for-15; effective after market close Aug 11, 2023.
- Outstanding shares reduced from ~80.6M to ~5.37M; authorized shares unchanged.
- Split intended to raise per-share price above Nasdaq minimum bid requirement.
- No fractional shares issued; cash paid in lieu at adjusted closing price.
- CUSIP changed to 608550 208; ticker remains MTEM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1183765/000119312523210731/0001193125-23-210731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1183765/000119312523210731/d539294d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-210731

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer