---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017984"
form_type: "8-K"
ticker: "EVFM"
cik: "0001618835"
company_name: "Evofem Biosciences, Inc."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:24:23.713817+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Evofem Biosciences announces 1-for-125 reverse stock split effective May 18

## Summary
- Reverse split ratio 1-for-125; reduces outstanding shares from ~249M to ~1.99M as of May 17, 2023.
- New CUSIP 30048L302; trades under EVFMD for 20 business days, then reverts to EVFM.
- No fractional shares issued; cash in lieu at closing price on May 17, 2023.
- Proportional adjustments to exercise prices and shares of stock options, warrants, convertible notes.
- Approved by stockholders at special meeting March 15, 2023; Board set exact ratio.

## SEC filing metadata
- accession: 0001493152-23-017984
- form_type: 8-K
- ticker: EVFM
- cik: 0001618835
- company_name: Evofem Biosciences, Inc.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618835/000149315223017984/0001493152-23-017984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618835/000149315223017984/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017984
- JSON: https://secwatch.observer/filing/0001493152-23-017984.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017984.txt

## Key facts
- Governance Changes
  Evofem Biosciences, Inc.: Amended certificate of incorporation to effect a 1-for-125 reverse stock split, effective May 18, 2023 (effective 2023-05-18).
  - Change: charter amendment
  - Effective: 2023-05-18
  source text: On May 17, 2023, the Company filed with the Secretary of State of the State of Delaware a Certificate of Correction (the “Certificate of Correction”) to change the effective time of the Reverse Stock Split from May 3, 2023 to May 18, 2023. As a result, the Reverse Stock Split will become effective upon the open of trading on the OTC Venture Market on May 18, 2023 (the “Effective Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618835/000149315223017984/0001493152-23-017984-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.