secwatch.observer — SEC 8-K summary
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Issuer:     SYNLOGIC, INC. (SYBX)
CIK:        0001527599
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001193125-23-245646
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synlogic implements 1-for-15 reverse stock split effective Sep 27, 2023 to meet Nasdaq bid price rule
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- Reverse stock split at 1:15 ratio effective 5:00 PM ET on Sep 27, 2023; shares outstanding reduce from ~69M to ~4.6M.
- Split approved by shareholders at Sep 21 special meeting; no change in authorized shares, par value $0.001.
- No fractional shares; cash in lieu based on Sep 27 closing price.
- Stock continues on Nasdaq under symbol SYBX; new CUSIP 87166L209.
- Primary goal: regain compliance with Nasdaq minimum $1.00 bid price requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527599/000119312523245646/0001193125-23-245646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527599/000119312523245646/d556575d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-245646

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