secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001193805-23-000223
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.03, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

electroCore announces 1-for-15 reverse stock split to regain Nasdaq compliance
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- Reverse stock split effective 12:01 a.m. ET on Feb 15, 2023; shares reduced from ~71.2M to ~4.74M.
- Stockholders approved split range of 1-for-5 to 1-for-50 at Feb 13 special meeting; Board set 1-for-15.
- Company appealed Nasdaq delisting notice (Dec 20, 2022) for bid price non-compliance; hearing held Feb 2, 2023.
- Fractional shares will be cashed out based on Feb 14, 2023 closing price; CUSIP changes to 28531P202.
- Option and warrant exercise prices adjusted proportionately; par value remains $0.001 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000119380523000223/0001193805-23-000223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000119380523000223/e618284_8k-electrocore.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-000223

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