Vision Energy Corporation announces 1-for-5 reverse stock split effective June 13, 2023

VISION ENERGY Corp

1-for-5 reverse stock split effective at trading open on June 13, 2023.
Authorized common shares reduced from 200M to 40M; outstanding shares ~8.42M post-split.
Ticker will trade as 'VENGD' for 20 business days then revert to 'VENG'.
Fractional shares rounded up to nearest whole share; no cash in lieu.
New CUSIP number is 92837Y 309.

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

VISION ENERGY Corp: Filed Certificate of Change to effect a 1-for-5 reverse stock split and decrease authorized shares from 200,000,000 to 40,000,000 (effective 2023-06-13).

Change: charter amendment
Effective: 2023-06-13

Exact text from the filing

On June 8, 2023, Vision Energy Corporation (the “Company”) filed with the Secretary of State of the State of Nevada a Certificate of Change, pursuant to which the Company will effect (i) a 1-for-5 reverse stock split of the Company’s common stock (the “Reverse Stock Split”) and (ii) decrease in the authorized number of shares of the Company’s common stock from 200,000,000 to 40,000,000 shares (the “Authorized Capital Change,” and, together with the Reverse Stock Split, the “Corporate Actions”).

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Source: SEC EDGAR

accession 0001493152-23-020905

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