Edgio, Inc. effects 1-for-40 reverse stock split effective March 1, 2024

Edgio, Inc.

Reverse stock split ratio of 1-for-40 approved by stockholders on Jan 26, 2024.
Effective March 1, 2024; every 40 pre-split shares converted into 1 post-split share.
Number of authorized shares remains unchanged; par value stays $0.001 per share.
Proportionate equity interest and voting rights unchanged; fractional shares paid in cash.
New CUSIP number for common stock is 53261M203.

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 0.95

Edgio, Inc.: On February 29, 2024, Edgio, Inc. filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation effecting a one-for-forty (1-for-40) reverse stock split, which became effective on March 1, 2024 (effective 2024-03-01).

Change: charter amendment
Effective: 2024-03-01

Exact text from the filing

On February 29, 2024, Edgio, Inc. (the “Company”), filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Charter”), with the Secretary of State of the State of Delaware effecting a one-for-forty (1-for-40) reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, par value $0.001 (the “Common Stock”) (the “Certificate of Amendment”). The Certificate of Amendment became effective on March 1, 2024.

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Source: SEC EDGAR

accession 0001193125-24-054531

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