Code Chain New Continent to effect 1-for-30 reverse stock split effective Nov 9, 2022

GD Culture Group Ltd

Reverse stock split at 1:30 ratio approved by board and stockholders; effective 12:01 a.m. on Nov 9, 2022.
No fractional shares issued; fractional interests rounded up to nearest whole share.
Authorized shares unchanged at 200M common and 20M preferred, par value $0.0001.
CUSIP changes to 19200A204; trading symbol CCNC remains unchanged on Nasdaq.
Outstanding options, warrants, and convertible securities adjusted: exercise price multiplied by 30, shares divided by 30.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GD Culture Group Ltd: Reverse stock split at a ratio of one-for-thirty via Certificate of Amendment to the Articles of Incorporation (effective 2022-11-09).

Change: charter amendment
Effective: 2022-11-09

Exact text from the filing

On November 4, 2022, the Company filed a Certificate of Amendment to the Articles of Incorporation (the “Certificate of Amendment”) with the Nevada Secretary of State to effect a reverse stock split of the outstanding shares of common stock, par value $0.0001 per shares, of the Company at a ratio of one-for-thirty (30), which will become effective at 12:01 a.m. on November 9, 2022 (the “Reverse Stock Split”).

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Source: SEC EDGAR

accession 0001213900-22-070180

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