EzFill announces 1-for-8 reverse stock split to meet Nasdaq minimum bid price

NEXTNRG, INC.

Reverse split effective April 27, 2023; every 8 shares combine into 1, fractional shares rounded up.
Outstanding common stock reduced from ~28.8M to ~3.6M shares.
Authorized common decreased from 500M to 50M; preferred from 50M to 5M.
Purpose: increase per-share price above $1.00 for continued Nasdaq listing.
CUSIP for post-split common stock changed to 302314307.

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

NEXTNRG, INC.: Amended certificate of incorporation to effect a 1-for-8 reverse stock split and reduce authorized common stock from 500,000,000 to 50,000,000 and preferred stock from 50,000,000 to 5,000,000 (effective 2023-04-27).

Change: charter amendment
Effective: 2023-04-27

Exact text from the filing

On April 26, 2023, EzFill Holdings, Inc. (the “Company”) filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect a one-for-eight (1-for-8) reverse split (the “Reverse Split”), and decreasing the number of shares of its authorized common stock from 500,000,000 shares to 50,000,000 (the “Common Stock Decrease”) and its preferred stock from 50,000,000 to 5,000,000 (the “Preferred Stock Decrease”).

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12 governance changes filed in the last 30 days. Browse all governance changes →

NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-015022

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