---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032036"
form_type: "8-K"
ticker: "ACFN"
cik: "0000880984"
company_name: "ACORN ENERGY, INC."
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T22:26:37.171250+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Acorn Energy announces 1-for-16 reverse stock split effective Sept 7, 2023

## Summary
- Reverse split reduces shares from 39.76M to ~2.48M; effective Sept 7, 2023 at 5pm EDT.
- CEO Jan Loeb: revenue grew 22% in Q2'23 and 10% in H1 2023; net income positive in both periods.
- Consolidated cash $1.6M at June 30, 2023; no debt; operating cash flow positive in first six months.
- Trading under temporary symbol ACFND for 20 days, then reverts to ACFN; new CUSIP 004848206.
- Reverse split intended to broaden investor base and support potential up-listing to a national exchange.

## SEC filing metadata
- accession: 0001493152-23-032036
- form_type: 8-K
- ticker: ACFN
- cik: 0000880984
- company_name: ACORN ENERGY, INC.
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880984/000149315223032036/0001493152-23-032036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880984/000149315223032036/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032036
- JSON: https://secwatch.observer/filing/0001493152-23-032036.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032036.txt

## Key facts
- Governance Changes
  ACORN ENERGY, INC.: Filed Certificate of Amendment to effect a 1-for-16 reverse stock split of common stock (effective 2023-09-07).
  - Change: charter amendment
  - Effective: 2023-09-07
  source text: On September 6, 2023, Acorn Energy, Inc. (the “Company”) filed a Certificate of Amendment to the Restated Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware (the “Certificate of Amendment”) to effect a 1-for-16 reverse stock split (the “reverse stock split”) of the shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) on September 7, 2023 at 5:00 pm EDT.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880984/000149315223032036/0001493152-23-032036-index.htm
- Governance Changes
  ACORN ENERGY, INC.: Board of Directors approved amendment of Sections 1, 2 and 3 of Article X of the Bylaws to provide for shares to be issued in uncertificated or certificated form (effective 2023-09-05).
  - Change: bylaw amendment
  - Effective: 2023-09-05
  source text: On September 5, 2023, the Company’s Board of Directors approved amendment of Sections 1, 2 and 3 of Article X of the Company’s By-laws, to be effective upon consummation of the reverse split, in order to more clearly provide for shares of the Company ’ s capital stock to be issued in either uncertificated or certificated form.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880984/000149315223032036/0001493152-23-032036-index.htm

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