Digital Ally effects 1-for-20 reverse stock split effective Feb 6, 2023

KUSTOM ENTERTAINMENT, INC.

Certificate of Amendment filed with Nevada Secretary of State on Feb 6, 2023 to effect 1:20 reverse split.
Common stock to begin trading split-adjusted on Nasdaq on Feb 8, 2023; new CUSIP 25382T200.
Split approved at Dec 7, 2022 annual meeting; Board set ratio on Jan 13, 2023.
Fractional shares rounded up; warrants and equity awards adjusted accordingly.
Company anticipates split will aid in regaining compliance with Nasdaq minimum bid price requirement.

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

KUSTOM ENTERTAINMENT, INC.: Filed certificate of amendment to effect a one-for-twenty reverse stock split of common stock (effective 2023-02-06).

Change: charter amendment
Effective: 2023-02-06

Exact text from the filing

On February 6, 2023, Digital Ally, Inc. (the “Company”), acting pursuant to authority received at the annual meeting of its stockholders on December 7, 2022, filed a certificate of amendment (the “Certificate of Amendment”) to its articles of incorporation, as amended (the “Articles of Incorporation”), to effect a one-for-twenty reverse stock split (the “Reverse Stock Split”) of all of the Company’s outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), effective as of the time of filing (the “Effective Time”).

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KUSTOM ENTERTAINMENT, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-003871

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