ZRCN Inc. files certificate of amendment for 1-for-20 reverse stock split

ZRCN Inc.

1-for-20 reverse stock split approved by board and majority stockholders, filed June 21, 2023.
Every 20 issued and outstanding shares combine into 1 share; authorized shares and par value unchanged.
Proportionate adjustments to exercise price and shares issuable under stock options, RSUs, and warrants.
Fractional shares resulting from reverse split will be rounded up to the next whole share.

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

ZRCN Inc.: Effected a one-for-twenty reverse stock split by filing a Certificate of Amendment to the Certificate of Incorporation (effective 2023-06-21).

Change: charter amendment
Effective: 2023-06-21

Exact text from the filing

On June 21, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment to its certificate of incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split.

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Source: SEC EDGAR

accession 0001493152-23-022633

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