LiqTech International effects 1-for-8 reverse stock split to regain NASDAQ compliance

LIQTECH INTERNATIONAL INC

Reverse stock split at 1-for-8 effective May 26, 2023; outstanding shares reduced from ~45.3M to ~5.66M.
No fractional shares issued; rounding up to whole share; no cash consideration paid.
Authorized shares reduced from 100M to 12.5M; par value of $0.001 unchanged.
Split intended to regain compliance with NASDAQ $1.00 minimum bid price requirement.
CUSIP changed to 53632A 300; trading symbol LIQT unchanged.

item 3.03 item 5.03 item 7.01 item 9.01

Key facts

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

LIQTECH INTERNATIONAL INC: Reverse stock split of common stock at a ratio of 1-for-8 (effective 2023-05-26).

Change: charter amendment
Effective: 2023-05-26

Exact text from the filing

The Board of Directors of LiqTech International, Inc., a Nevada corporation (the “Company”), has approved a reverse stock split of the Company’s authorized, issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-8 (the “Reverse Stock Split”).

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Source: SEC EDGAR

accession 0001437749-23-015983

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