Vapotherm completes 1-for-8 reverse stock split effective August 18, 2023

VAPOTHERM INC

Reverse split ratio 1:8, effective 12:01 a.m. ET on Aug 18, 2023; stock continues trading as VAPO with new CUSIP 922107305.
Authorized shares reduced proportionately; every 8 pre-split shares become 1 post-split share.
Fractional shares not issued; holders receive cash in lieu. Outstanding warrants and equity awards adjusted proportionately.
Board approved split on Aug 8, 2023, following stockholder approval at July 20, 2023 annual meeting.
Reverse split intended to help regain compliance with NYSE continued listing standards.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.99

VAPOTHERM INC: On August 17, 2023, Vapotherm, Inc. filed a Certificate of Amendment to its Tenth Amended and Restated Certificate of Incorporation to effect a 1-for-8 reverse stock split and a corresponding reduction in authorized shares of common stock, effective August 18, 2023 (effective 2023-08-18).

Change: charter amendment
Effective: 2023-08-18

Exact text from the filing

On August 17, 2023, Vapotherm, Inc. (the “Company”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Tenth Amended and Restated Certificate of Incorporation (the “Charter Amendment”) to effect a 1-for-8 reverse stock split of the Company’s common stock and a corresponding reduction in its authorized shares of common stock, effective as of 12:01 a.m., Eastern Time, on August 18, 2023 (the “Effective Time”).

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Source: SEC EDGAR

accession 0001193125-23-215062

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