Hycroft Mining announces 1-for-10 reverse stock split to regain Nasdaq compliance

HYCROFT MINING HOLDING CORP

Reverse stock split ratio 1-for-10, effective after market close on Nov 14, 2023; trading starts Nov 15 on split-adjusted basis under ticker HYMC.
Aim is to increase share price to meet Nasdaq $1.00 minimum bid requirement for continued listing.
No fractional shares; aggregated and sold, stockholders receive cash proceeds.
Authorized shares unchanged: 1.4B common, 10M preferred; par value remains $0.0001.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

HYCROFT MINING HOLDING CORP: Filed certificate of amendment to effect a 1-for-10 reverse stock split of Class A common stock (effective 2023-11-14).

Change: charter amendment
Effective: 2023-11-14

Exact text from the filing

On November 9, 2023, Hycroft Mining Holding Corporation (the “Company”) filed a certificate of amendment (the “Amendment”) with the Secretary of State of the State of Delaware relating to a 1-for-10 reverse stock split (the “Reverse Stock Split”) of the outstanding shares of the Company’s Class A common stock (“Common Stock”).

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Source: SEC EDGAR

accession 0001493152-23-040124

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