secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001603978-23-000050
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AquaBounty Technologies to effect 1-for-20 reverse stock split on Oct 16, 2023
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- Stockholders approved reverse split at ratio of 1-for-15 to 1-for-20 on Oct 12, 2023; Board set ratio at 1-for-20.
- Effective 12:01 a.m. ET on Oct 16, 2023; outstanding shares reduced from ~71.36M to ~3.57M.
- Authorized shares reduced from 150M to 75M; no fractional shares issued, rounding up to full share.
- Reverse split intended to regain compliance with Nasdaq minimum bid price requirement.
- CUSIP changes to 03842K309; symbol remains AQB; proportional adjustments to equity awards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000050/0001603978-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000050/aqb-20231012x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-23-000050

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