Minim announces 1-for-25 reverse stock split effective April 17, 2023 to meet Nasdaq minimum bid price

FiEE, Inc.

Reverse stock split at a ratio of 1-for-25, effective 12:01 a.m. ET on April 17, 2023.
Outstanding shares reduce from ~47.15 million to ~1.89 million; par value remains $0.01.
Split aims to increase per-share trading price to comply with Nasdaq's $1.00 minimum bid requirement.
No fractional shares issued; holders receive cash in lieu of fractional shares.
Trading symbol remains MINM on Nasdaq; no change to stockholder percentage interests.

item 3.03 item 5.03 item 8.01 item 9.01

Key facts

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

FiEE, Inc.: 1-for-25 reverse stock split of common stock (effective 2023-04-17).

Change: charter amendment
Effective: 2023-04-17

Exact text from the filing

On March 31, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware, to implement the 1-for-25 reverse split of its common stock (the “Reverse Stock Split”).

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FiEE, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-010286

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