iSun rescinds previously announced reverse stock split before effective date

ISUN, INC.

Board rescinded reverse split on April 25, 2024; it will not be implemented.
Outstanding shares remain unaffected by the rescission.
CEO Jeff Peck cited market conditions and financial outlook as reasons.
Fifth Amended and Restated Certificate of Incorporation filed to effect rescission.

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

ISUN, INC.: Filing of Fifth Amended and Restated Certificate of Incorporation to rescind reverse stock split (effective 2024-04-25).

Change: charter amendment
Effective: 2024-04-25

Exact text from the filing

iSun, Inc. (the “Company”) filed the Company’s Fifth Amended and Restated Certificate of Incorporation with the Delaware Department of State, Division of Corporations on April 25, 2024 (the “Amended Charter”) and the Amended Charter became effective on that date.

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Source: SEC EDGAR

accession 0001493152-24-015980

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