Avalon GloboCare implements 1-for-10 reverse stock split, shares reduce to ~9.9M

Avalon GloboCare Corp.

Reverse split effective 12:01 a.m. ET Jan 5, 2023; trading on split-adjusted basis begins Jan 5.
Each 10 shares combine into 1; fractional shares rounded up to nearest whole share.
Board authorized split after written consent from holders of 61.4% of outstanding common stock.
New CUSIP 05344R 203; par value and voting rights unchanged.
Shares outstanding reduced from ~99.9M to ~9.9M; authorized shares unchanged.

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 0.9

Avalon GloboCare Corp.: Effected a 1-to-10 reverse stock split of common stock via a Certificate of Amendment to the Certificate of Incorporation (effective 2023-01-05).

Change: charter amendment
Effective: 2023-01-05

Exact text from the filing

On December 22, 2022, the Company, filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware (the "Certificate of Amendment"), which effected a reverse stock split of its common stock at a ratio of 1-to-10 with an effective time of, 12:01 a.m. eastern time, January 5, 2023

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Source: SEC EDGAR

accession 0001213900-23-000680

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