Amesite effects 1-for-12 reverse stock split to meet Nasdaq bid price; equity plan expanded

Amesite Inc.

Reverse stock split at 1-for-12 ratio effective pre-market Feb 22, 2023; post-split shares ~2.53M.
Split intended to regain compliance with Nasdaq minimum bid price requirement.
Stockholders approved reverse split at special meeting Feb 15; board set ratio at 1:12.
2018 Equity Incentive Plan amended to increase shares available by 3M (approved at same meeting).
CUSIP changed to 031094204; trading symbol remains AMST.

item 5.02 item 5.03 item 8.01 item 9.01

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

Amesite Inc.: Amended certificate of incorporation to effect a 1-for-12 reverse stock split (effective 2023-02-21).

Change: charter amendment
Effective: 2023-02-21

Exact text from the filing

On February 21, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment to its certificate of incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split. The Reverse Stock Split became effective as of 4:01 p.m. Eastern Time on February 21, 2023

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Amesite Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-013326

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