other material
confidence high
sentiment neutral
materiality 0.55
Data443 effects 1-for-8 reverse stock split to pursue Nasdaq listing
Data443 Risk Mitigation, Inc.
- Reverse split ratio 1-for-8, effective March 8, 2022; outstanding shares reduced from ~981k to ~123k.
- Authorized common shares reduced from 1B to 125M; preferred unchanged at 337.5k shares.
- Purpose: meet Nasdaq minimum bid price requirement for listing application submitted.
- Trading symbol temporarily changed to ATDSD for 20 trading days, then reverts to ATDS.
- No fractional shares; whole share issued instead; no cash consideration paid.