secwatch.observer — SEC 8-K summary
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Issuer:     DATASEA INC. (—)
CIK:        0001631282
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001213900-24-004582
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Datasea announces 1-for-15 reverse stock split to regain Nasdaq minimum bid compliance
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- Reverse stock split at 1-for-15 ratio effective 5:01 p.m. ET on Jan. 19, 2024; trading on split-adjusted basis Jan. 23, 2024.
- Authorized shares reduced from 375M to 25M; par value unchanged at $0.001 per share.
- Purpose is to raise bid price above $1.00 to regain compliance with Nasdaq Listing Rule 5550(a)(2).
- No stockholder approval required under Nevada law (NRS 78.207).
- West Coast Stock Transfer acting as exchange agent; fractional shares rounded up to nearest whole share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631282/000121390024004582/0001213900-24-004582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631282/000121390024004582/ea191675-8k_dataseainc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-004582

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