secwatch.observer — SEC 8-K summary
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Issuer:     Vystar Corp (VYST)
CIK:        0001308027
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001493152-22-035109
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vystar completes 100:1 reverse stock split; authorizes Series B/C preferred to convert $7.35M debt
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- 100:1 reverse stock split effective Dec 9, 2022; shares outstanding reduced from ~1.29B to ~12.94M; fractional shares rounded up.
- Authorized shares increased to 520M (500M common, 20M preferred) immediately after reverse split.
- Series B Preferred: $7 liquidation preference, 1,000 common votes per share. 370,969 shares issued to pay off ~$2.34M debt.
- Series C Preferred: $2.61 liquidation preference, same voting. 1,917,973 shares issued to pay off ~$5.01M debt.
- Shareholders representing 59.75% of voting capital approved reverse split and authorized share increase on July 26, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1308027/000149315222035109/0001493152-22-035109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1308027/000149315222035109/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035109

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