secwatch.observer — SEC 8-K summary
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Issuer:     National CineMedia, Inc. (NCMI)
CIK:        0001377630
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001377630-23-000116
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National CineMedia, Inc. announces 1-for-10 reverse stock split effective August 4, 2023
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- Stockholders approved reverse stock split at a ratio between 1-for-10 and 1-for-100 at special meeting on August 2, 2023.
- Board set final 1-for-10 ratio on August 2, 2023; split reduces outstanding shares from 174,191,498 to ~17,419,150.
- Reverse split fulfills obligations under Restructuring Support Agreement and NCM LLC's Chapter 11 Plan of Reorganization.
- Split expected to help regain Nasdaq minimum $1.00 average closing price compliance; no fractional shares issued.
- Common stock begins trading on split-adjusted basis under same ticker NCMI on August 4, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377630/000137763023000116/0001377630-23-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377630/000137763023000116/ncmllc-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001377630-23-000116

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