secwatch.observer — SEC 8-K summary
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Issuer:     Axil Brands, Inc. (AXIL)
CIK:        0001718500
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001520138-24-000017
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reviv3 Procare effects 1-for-20 reverse stock split to meet NYSE American listing requirements
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- Filed Certificate of Amendment on Jan 12, 2024; reverse split effective Jan 16, 2024 at 12:01 a.m. ET.
- 1-for-20 reverse stock split reduces outstanding shares from ~117M to ~5.85M, fractional shares rounded up.
- Action intended to meet NYSE American initial listing requirement of $3.00 minimum bid price.
- Common stock trades under RVIV; CUSIP post-split is 76151R206.
- CEO states split supports anticipated exchange listing and corporate rebranding to AXIL Brands.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718500/000152013824000017/0001520138-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718500/000152013824000017/rviv-20240116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer