secwatch.observer — SEC 8-K summary
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Issuer:     Innovative Payment Solutions, Inc. (IPSI)
CIK:        0001591913
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0001213900-23-072170
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591913/000121390023072170/0001213900-23-072170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591913/000121390023072170/ea184327-8k_innovative.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-072170

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