secwatch.observer — SEC 8-K summary
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Issuer:     MedAvail Holdings, Inc. (—)
CIK:        0001402479
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001402479-23-000079
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MedAvail announces 1-for-50 reverse stock split to regain Nasdaq $1 bid compliance
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- Reverse stock split at 1-for-50 ratio effective 5:00 p.m. ET July 31, 2023; trading begins post-split Aug 1, 2023 under ticker MDVL.
- Outstanding shares reduced from ~81 million to ~1.6 million (subject to fractional share adjustments).
- Split approved by stockholders at June 14, 2023 Annual Meeting; Board set final ratio of 50:1 to regain Nasdaq $1.00 minimum bid compliance.
- No fractional shares issued; holders entitled to pro rata net proceeds from aggregation and sale of fractions by exchange agent Equiniti Trust.
- Authorized shares unchanged at 300M; par value remains $0.001; proportionate adjustments to options, warrants, and RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402479/000140247923000079/0001402479-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402479/000140247923000079/medavail-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001402479-23-000079

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