Brain Scientific files 1-for-85 reverse stock split effective Feb 3, 2023

BRAIN SCIENTIFIC INC.

Reverse stock split ratio of 1-for-85 approved by FINRA; effective in market on Feb 3, 2023.
Certificate of Amendment to Certificate of Incorporation filed with Nevada Secretary of State on Jan 31, 2023.
Reverse split applies to all issued and outstanding shares of common stock.

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

BRAIN SCIENTIFIC INC.: 1-for-85 reverse stock split effected by filing Certificate of Amendment to Certificate of Incorporation (effective 2023-02-03).

Change: charter amendment
Effective: 2023-02-03

Exact text from the filing

On January 31, 2023, Brain Scientific Inc. (the “Company”) filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Nevada (the “Amendment”) in order to effectuate a 1-for-85 reverse stock split of the Company’s issued and outstanding shares of common stock (the “Reverse Split”). The Reverse Split was approved by the Financial Industry Regulatory Authority (FINRA) and became effective in the market on February 3, 2023 (the “Effective Date”).

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Source: SEC EDGAR

accession 0001213900-23-008432

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