ARtelligence Holdings completes 50:1 reverse split, cancels McClatchy license, appoints new CFO and director

ARtelligence Holdings, Inc.

Reverse stock split 50:1 effective Dec 18, 2024; authorized shares reduced to 500M, outstanding ~177.9M.
Mutual cancellation of exclusive McClatchy Collection license reduces intangible assets by $514,441,380.
Bobbi Martin appointed CFO and Director; Gregory L. Carter appointed to Board.
New trade secret 'AI Visual Thesauri' valued at $5,230,085,000 by C. Meyers & Co.
Company in communication with SEC regarding delinquent filings, seeking time to cure.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ARtelligence Holdings, Inc.: Effected a 1-for-50 reverse stock split and reduced authorized common stock to 500,000,000 shares (effective 2024-12-18).

Effective: 2024-12-18

Exact text from the filing

On December 18, 2024, the Company effected the announced planned reverse stock split of 50 existing shares for one new share of Common Stock. The Company's authorized Common Stock was reduced to 500,000,000.

View on SEC.gov

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Source: SEC EDGAR

accession 0001214659-24-020834

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