Vislink Technologies effectuates 1-for-20 reverse stock split to regain Nasdaq compliance

Vislink Technologies, Inc.

Reverse split effective 12:01 a.m. ET on May 1, 2023; trading on Nasdaq post-split same day under VISL.
Approved by Board on Apr 26 after shareholder authorization at Jan 11 special meeting.
Shares outstanding reduced from ~47.42M to ~2.37M; new CUSIP 92836Y409.
No fractional shares; cash paid in lieu based on Apr 28 closing price.
All options, warrants, and RSUs proportionally adjusted.

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

Vislink Technologies, Inc.: Amended Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2023-04-27).

Change: charter amendment
Effective: 2023-04-27

Exact text from the filing

On April 27, 2023, the Company filed a Certificate of Amendment to amend its Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware to effect the Reverse Stock Split.

View on SEC.gov

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Vislink Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-014079

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