secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Valley Treasures, Inc. (FVTI)
CIK:        0001626745
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001493152-21-025936
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Valley Treasures implements 1-for-20 reverse stock split to pursue NASDAQ listing
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- Board approved 1-for-20 reverse stock split effective October 21, 2021.
- Authorized shares reduced from 3B to 150M; outstanding from ~313M to ~15.65M shares.
- Trading symbol changes to FVTID for 20 business days, then reverts to FVTI.
- Split aims to meet NASDAQ Capital Market initial listing standards; stock currently on OTC Pink.
- No shareholder approval required; fractional shares rounded up to nearest whole share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626745/000149315221025936/0001493152-21-025936-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626745/000149315221025936/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-025936

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