Cingulate Inc. announces 1-for-20 reverse stock split effective Nov 30, 2023

Cingulate Inc.

Reverse split ratio of 1-for-20; effective 12:01 a.m. ET on November 30, 2023.
CUSIP for common stock will change to 17248W204; trading begins on split-adjusted basis Nov 30.
No fractional shares issued; holders of fractional shares receive an additional fraction to round up to whole share.
Par value and authorized share count remain unchanged; outstanding options and warrants adjusted proportionally.
Board approved ratio on Nov 21, 2023, following stockholder authorization on Nov 3, 2023.

Key facts

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

Cingulate Inc.: Filed Certificate of Amendment to effect a 1-for-20 reverse stock split of common stock (effective 2023-11-30).

Change: charter amendment
Effective: 2023-11-30

Exact text from the filing

On November 28, 2023, Cingulate Inc. (the “ Company ”) filed a Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “ Certificate of Amendment ”), which will effect, at 12:01 a.m. Eastern Time on November 30, 2023, a 1-for-20 reverse stock split (the “ Reverse Stock Split ”) of the Company’s issued and outstanding shares of common stock, par value $0.0001 per share (the “ Common Stock ”).

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Source: SEC EDGAR

accession 0001493152-23-042855

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