---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-072170"
form_type: "8-K"
ticker: "IPSI"
cik: "0001591913"
company_name: "Innovative Payment Solutions, Inc."
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T01:58:52.988394+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Innovative Payment Solutions finalizes 1-for-30 reverse stock split effective August 30, 2023

## Summary
- Board approved 1-for-30 reverse split ratio on August 11, 2023; filed Certificate of Correction with Nevada on August 24.
- Reverse split effective for Nevada law as of August 24; public market effective date August 30, 2023.
- Shareholders had approved reverse split in November 2022; initial ratio was 1-for-20 but later amended to 1-for-30.
- Company deferred effectiveness in June 2023 before finalizing the 1-for-30 ratio.

## SEC filing metadata
- accession: 0001213900-23-072170
- form_type: 8-K
- ticker: IPSI
- cik: 0001591913
- company_name: Innovative Payment Solutions, Inc.
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591913/000121390023072170/0001213900-23-072170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591913/000121390023072170/ea184327-8k_innovative.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-072170
- JSON: https://secwatch.observer/filing/0001213900-23-072170.json
- Plain text: https://secwatch.observer/filing/0001213900-23-072170.txt

## Key facts
- Governance Changes
  Innovative Payment Solutions, Inc.: Reverse stock split at ratio of 1-for-30, effective August 24, 2023 for Nevada law purposes and August 30, 2023 for public market purposes, via a second Certificate of Correction to the Articles of Incorporation (effective 2023-08-24).
  - Change: charter amendment
  - Effective: 2023-08-24
  source text: On August 11, 2023, the Board approved a second Certificate of Correction amending the Reverse Split ratio to 1-for-30, and the Company subsequently filed such second Certificate of Correction, which serves as the Certificate of Amendment (the “ Certificate of Correction ”), with the Secretary of State of Nevada on August 24, 2023 (the effective date of the Reverse Split for Nevada law purposes). The Reverse Stock Split effective for public market purposes as of August 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390023072170/0001213900-23-072170-index.htm

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