---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-050998"
form_type: "8-K"
ticker: null
cik: "0000914712"
company_name: "Steel Connect, Inc."
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:35:50.626939+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Steel Connect effects 1-for-9.333 reverse stock split to regain Nasdaq compliance

## Summary
- Net 1-for-9.333 reverse stock split effective June 21, 2023 through 1-for-3,500 reverse followed by 375-for-1 forward.
- Purpose: regain $1.00 minimum bid price for continued Nasdaq listing.
- No fractional shares issued; stockholders with fewer than 3,500 pre-split shares receive cash.
- Trading symbol 'STCN' unchanged; new CUSIP 858098205 assigned.
- Split-adjusted trading began at market open on June 22, 2023.

## SEC filing metadata
- accession: 0001213900-23-050998
- form_type: 8-K
- cik: 0000914712
- company_name: Steel Connect, Inc.
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914712/000121390023050998/0001213900-23-050998-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914712/000121390023050998/ea180712-8k_steelconn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-050998
- JSON: https://secwatch.observer/filing/0001213900-23-050998.json
- Plain text: https://secwatch.observer/filing/0001213900-23-050998.txt

## Key facts
- Governance Changes
  Steel Connect, Inc.: Filed Certificates of Amendment to effect a 1-for-3,500 reverse stock split followed by a 375-for-1 forward stock split (effective 2023-06-21).
  - Change: charter amendment
  - Effective: 2023-06-21
  source text: On June 21, 2023, Steel Connect, Inc., a Delaware corporation (the “Company”), filed a certificate of amendment to the Company’s restated certificate of incorporation (the “Charter”) with the Secretary of State of the State of Delaware (the “First Certificate of Amendment”) to effect a 1-for-3,500 reverse stock split
  evidence_url: https://www.sec.gov/Archives/edgar/data/914712/000121390023050998/0001213900-23-050998-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.