Applied UV effects 1-for-25 reverse stock split to meet Nasdaq bid price rule

Applied UV, Inc.

Reverse split effective Dec 12, 2023; each 25 shares become 1, fractional shares rounded up.
Authorized common shares reduced proportionally from 150M to 6M; par value unchanged.
Common stock continues trading on Nasdaq under AUVI; new CUSIP: 037988300.
Primary purpose: regain compliance with Nasdaq $1.00 minimum bid price requirement.
Board approved Oct 30, 2023; no shareholder vote needed under Nevada law.

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

Applied UV, Inc.: Filed a Certificate of Change to effect a 1-for-25 reverse stock split and decrease authorized shares of common stock (effective 2023-12-12).

Change: charter amendment
Effective: 2023-12-12

Exact text from the filing

Applied UV, Inc. (the “Company”) filed a Certificate of Change to the Company’s Articles of Incorporation with the Secretary of State of the State of Nevada (the “Certificate of Change”) to effect a 1-for-25 reverse stock split (the “reverse stock split”) of the shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), on December 12, 2023, and simultaneously decrease the total number of authorized shares of Common Stock at the same ratio as the reverse stock split.

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Source: SEC EDGAR

accession 0001607062-23-000534

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