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
CaliberCos Inc.: Stockholders approved a reverse stock split authorized by the board, and the Company filed a Certificate of Amendment to its Third Amended and Restated Certificate of Incorporation with the State of Delaware to effect a one-for-twenty reverse stock split of Common Stock, effective May 2, 2025 (effective 2025-05-02).
- Change
- charter amendment
- Effective
- 2025-05-02
Exact text from the filing
On April 21, 2025, CaliberCos Inc. (the “ Company ”, “we”, “our”) held a Special Meeting of Stockholders (the “ Special Meeting ”). At the Special Meeting, the stockholders approved a proposal authorizing a reverse stock split of the Company’s Class A common stock, par value $0.001 per share (the “ Class A Common Stock ”) and the Company’s Class B common stock, par value $0.001 per share (the “ Class B Common Stock ”, together with the Class A Common Stock, the “ Common Stock ”), at an exchange ratio within the range of 1-for-5 to 1-for-20, inclusive, as determined by the board of directors of the Company (the “ Board ”). Following the Special Meeting, the Board approved a one-for-twenty (1-for-20) reverse stock split of the Common Stock (the “Reverse Stock Split”) and the Company filed a Certificate of Amendment (the “ Amendment ”) to its Third Amended and Restated Certificate of Incorporation (as amended to date, the “ Certificate of Incorporation ”) with the Secretary of State of th
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