OptiNose completes 1-for-15 reverse stock split effective December 30, 2024

OptiNose, Inc.

Reverse stock split at 1:15 ratio effective 8:00 a.m. ET on December 30, 2024; split-adjusted trading starts December 31, 2024.
Outstanding shares reduced from 150,829,507 to approximately 10,055,300 shares.
No fractional shares issued; stockholders receive cash in lieu based on closing price on effective date.
Authorized shares and par value of common and preferred stock unchanged.

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

OptiNose, Inc.: Filing of Certificate of Amendment to effect 1-for-15 reverse stock split of common stock (effective 2024-12-30).

Change: charter amendment
Effective: 2024-12-30

Exact text from the filing

On December 30, 2024, OptiNose, Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Fourth Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) with the Delaware Secretary of State, to effect a 1-for-15 reverse stock split (the “reverse split”) of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), effective at 8:00 a.m. Eastern Standard Time on that date (the “Effective Date”).

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Source: SEC EDGAR

accession 0001494650-24-000177

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