other material
confidence high
sentiment neutral
materiality 0.30
Leonardo DRS adjusts prior filings for 1.4513-for-1 stock split effective Nov 23, 2022
Leonardo DRS, Inc.
- Stock split ratio 1.451345331-for-1; outstanding shares increased from 145M to ~210.4M.
- Authorized common shares raised from 300M to 350M via amended charter filed Nov 23, 2022.
- Exhibit 99.1 updates MD&A and financial statements in 2021 Form 10-K and August 2022 8-K.
- No fractional shares issued; fractional interests rounded up to nearest whole share.
- No impact on preferred stock authorization or par value; split is cosmetic.