IZEA Worldwide to effect 1-for-4 reverse stock split on June 16, 2023 to regain Nasdaq compliance

IZEA Worldwide, Inc.

1-for-4 reverse stock split effective June 16, 2023.
Aims to meet Nasdaq $1.00 minimum bid price requirement.
Outstanding shares reduced from ~62.7M to ~15.7M after split.
Ticker remains IZEA; new CUSIP 46604H204; no fractional shares.
Rounding up fractional shares to nearest whole share; no cash paid.

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

IZEA Worldwide, Inc.: Reverse stock split at a ratio of 1-for-4, effective June 16, 2023, by filing a Certificate of Change with the Nevada Secretary of State (effective 2023-06-16).

Change: charter amendment
Effective: 2023-06-16

Exact text from the filing

On June 14, 2023, IZEA Worldwide, Inc. (the “Company”) filed a Certificate of Change with the Nevada Secretary of State to effect a reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.0001 per share (the "Common Stock"), at a ratio of 1-for-4 (the "Reverse Stock Split"). The Reverse Stock Split will be effective at 12:01 am, Pacific Time, on June 16, 2023 (the "Effective Date").

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IZEA Worldwide, Inc. filing history →

Source: SEC EDGAR

accession 0001495231-23-000104

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