Qualigen Therapeutics announces 1-for-10 reverse stock split to regain Nasdaq compliance effective Nov 23

AIxCrypto Holdings, Inc.

Reverse stock split at 1-for-10 ratio effective 12:01 a.m. ET on November 23, 2022; trading begins split-adjusted same day.
Action taken to regain compliance with Nasdaq's $1.00 minimum bid price requirement; stockholders had approved ratio range up to 1-for-10.
No fractional shares will be issued; cash payments made in lieu. All outstanding options, warrants, and equity plans adjusted proportionally.
Equiniti Trust Company acts as exchange agent; new CUSIP number is 74754R 202; stock trades under same symbol QLGN.
Board approved amendments to 2020 Stock Incentive Plan and 2022 ESPP to adjust share reserves for the reverse split.

item 3.03 item 5.03 item 5.02 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

AIxCrypto Holdings, Inc.: 公司提交了公司章程修正案以实施1比10的反向股票拆分 (effective 2022-11-23).

Change: charter amendment
Effective: 2022-11-23

Exact text from the filing

On November 21, 2022, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation, as amended (the “Amendment”) with the Secretary of State of the State of Delaware to effect a 1-for-10 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding Common Stock, effective November 23, 2022 at 12:01 a.m., Eastern Time (the “Effective Time”).

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Source: SEC EDGAR

accession 0001493152-22-033252

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