iSun announces 1-for-20 reverse stock split to regain Nasdaq compliance by May 13

ISUN, INC.

Board approved 1-for-20 reverse stock split effective 9:00 AM EDT on April 26, 2024.
Reverse split intended to regain compliance with Nasdaq $1.00 minimum bid price requirement; company has until May 13, 2024.
Fractional shares will be rounded up to whole shares; no reduction in authorized shares.
CUSIP changes to 465246 205; stock trades under symbol ISUN.

Key facts

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

ISUN, INC.: Fourth Amended and Restated Certificate of Incorporation filed to effect a 1-for-20 reverse stock split (effective 2024-04-24).

Change: charter amendment
Effective: 2024-04-24

Exact text from the filing

we filed the Company’s Fourth Amended and Restated Certificate of Incorporation with the Delaware Department of State, Division of Corporations on April 24, 2024 (the “Amended Charter”) and the Amended Charter became effective on that date.

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Source: SEC EDGAR

accession 0001493152-24-015761

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