Shapeways effects 1-for-8 reverse stock split to regain NYSE minimum bid compliance

Shapeways Holdings, Inc.

Reverse split effective 4:01 p.m. ET June 22, 2023; common begins split-adjusted trading on June 23 under SHPW, new CUSIP 81947T201.
Every eight old shares become one new share; no fractional shares – cash in lieu based on June 22 closing price.
Authorized shares remain 120M, par value unchanged; warrants adjusted: exercise price $92, shares subject to warrants reduced to 2,301,250.
Primary goal: raise per-share price to meet NYSE $1.00 average closing price requirement for continued listing.
All outstanding options, warrants, and RSUs proportionately adjusted per their terms.

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

Shapeways Holdings, Inc.: Effected a 1-for-8 reverse stock split through a Certificate of Amendment to the Certificate of Incorporation (effective 2023-06-22).

Change: charter amendment
Effective: 2023-06-22

Exact text from the filing

On June 22, 2023, Shapeways Holdings, Inc. (the “Company”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment (the “Certificate of Amendment”) to the Company's Certificate of Incorporation to effect a 1-for-8 (the “Final Ratio”) reverse stock split (the “Reverse Stock Split”) of the Company's issued and outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”), which became effective as of 4:01 p.m. Eastern Time on June 22, 2023 (the “Effective Date”).

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Source: SEC EDGAR

accession 0001628280-23-023129

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