secwatch.observer — SEC 8-K summary
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Issuer:     Iveda Solutions, Inc. (IVDA)
CIK:        0001397183
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001493152-24-036197
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Iveda Solutions 1-for-8 reverse stock split effective Sept 17, 2024 to meet Nasdaq bid price rule
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- 1-for-8 reverse stock split expected effective at market open on September 17, 2024; shares to trade under same symbol IVDA with new CUSIP 46583A303.
- Outstanding shares reduced from ~18,069,891 to ~2,258,737; authorized shares cut from 37,500,000 to 4,687,500.
- Publicly traded warrants (IVDAW) adjusted: each 8 warrants now buy 1 share at $34.00 ($4.25 per warrant); CUSIP unchanged.
- Reverse stock split aimed at satisfying Nasdaq $1.00 minimum bid price requirement under Listing Rule 5550(a)(2); no stockholder vote required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397183/000149315224036197/0001493152-24-036197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397183/000149315224036197/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036197

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