secwatch.observer — SEC 8-K summary
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Issuer:     Steel Connect, Inc. (—)
CIK:        0000914712
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001213900-23-050998
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914712/000121390023050998/0001213900-23-050998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914712/000121390023050998/ea180712-8k_steelconn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-050998

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer