secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0001193805-22-001663
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

electroCore declares dividend of Series A Preferred Stock with super voting rights to facilitate reverse stock split
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- Each common share receives one one-thousandth of a share of Series A Preferred; record date Dec 19, 2022.
- Each share of Series A Preferred has 1,000,000 votes; voting limited to reverse stock split proposals only.
- Series A votes are cast proportionally with common stock votes, effectively boosting holder voting power on reverse split.
- Preferred shares are non-transferable except with common, have no dividend rights, and a $0.001 liquidation preference.
- Unvoted shares are redeemed for $0.01 per 10 whole shares (rounded down to nearest multiple of ten thousand).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000119380522001663/0001193805-22-001663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000119380522001663/e618092_8k-electrocore.htm
  HTML page:      https://secwatch.observer/filing/0001193805-22-001663

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