Atlas Lithium files 1-for-750 reverse stock split; trading adjusted Dec 23; Nasdaq eligibility step

Atlas Lithium Corp

Filed Certificate of Amendment to effect 1-for-750 reverse stock split of common stock on December 20, 2022.
No fractional shares; one whole share issued to any holder who would have received a fraction.
Stock begins trading on reverse-split-adjusted basis on OTCQB on December 23, 2022; CUSIP changed to 105861306.
Reverse split is a prerequisite for eligibility to list on Nasdaq Capital Market (after 10 trading days on OTCQB).

Key facts

Extracted from this filing and checked against the source text.

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

Atlas Lithium Corp: Filed a Certificate of Amendment to effect a 1-for-750 reverse stock split of common stock (effective 2022-12-20).

Change: charter amendment
Effective: 2022-12-20

Exact text from the filing

On December 20, 2022, Atlas Lithium Corporation (the “Company”) filed a Certificate of Amendment to its Articles of Incorporation (the “Amendment”) to effect a reverse stock split of its issued and outstanding shares of common stock at a ratio of 1-for-750 (the “Reverse Stock Split”).

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Atlas Lithium Corp filing history →

Source: SEC EDGAR

accession 0001493152-22-036329

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