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

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

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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Cingulate Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-042855

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