Orbital Infrastructure Group approves 40:1 reverse stock split effective April 21

Orbital Infrastructure Group, Inc.

Shareholders approved reverse split ratio range 10:1 to 40:1 at April 18 special meeting.
Board ratified 40:1 reverse split effective April 21, 2023; fractional shares rounded up.
Amendment to Certificate of Formation adds paragraph 3 to Article IV (Capital) for split.

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

Orbital Infrastructure Group, Inc.: Amendment to Certificate of Formation to effect a 1-for-40 reverse stock split, effective April 21, 2023 (effective 2023-04-21).

Change: charter amendment
Effective: 2023-04-21

Exact text from the filing

the Certificate of Formation shall be amended to effect a reverse stock split of our outstanding Common Stock at a reverse stock split ratio of one share for forty shares (40:1)

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Source: SEC EDGAR

accession 0001437749-23-010691

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