{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-023342","form_type":"8-K","ticker":"SKLZ","cik":"0001801661","company_name":"Skillz Inc.","filed_at":"2023-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.660167+00:00","generated_at":"2026-06-13T18:16:22.604763+00:00","sec_items":["5.03","5.07","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Skillz announces 1-for-20 reverse stock split effective June 23 to regain NYSE compliance","bullets":["Reverse stock split at 1-for-20 ratio effective June 23, 2023; trading on split-adjusted basis from June 26.","Split intended to bring Skillz back into compliance with NYSE continued listing standards.","Class A shares outstanding reduced from ~354.7M to ~17.7M; Class B from ~68.6M to ~3.4M.","Fractional shares will be paid in cash; no change to stockholder percentage interests.","Stockholders approved reverse split authority at June 20 annual meeting; Board set final ratio at 1-for-20."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-023342","json":"https://secwatch.observer/filing/0001628280-23-023342.json","markdown":"https://secwatch.observer/filing/0001628280-23-023342.md","text":"https://secwatch.observer/filing/0001628280-23-023342.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/sklz-20230620.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T18:16:22.604763+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a928dcce20d9db233e88e0a35a98eef397249fc9","claim":"Skillz Inc.: Approved and filed a Certificate of Amendment to effect a 1-for-20 reverse stock split and proportionate reduction in authorized shares (effective 2023-06-23).","evidence_excerpt":"On June 22, 2023, the Board approved the Final Ratio of 1-for-20. The Reverse Stock Split became effective on June 23, 2023 upon filing of a Certificate of Amendment (the “Reverse Stock Split Certificate of Amendment”) to the Company’s Charter with the Secretary of State of the State of Delaware (the “Effective Time”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-06-23"}],"fact_type":"governance_change"},{"claim_id":"068e12e7ce019df7ea8c3664afc75451e74e373c","claim":"Skillz Inc. shareholders approved Approval of Amendment to the Company’s Charter to provide the Board with discretion to effect a reverse stock split of the Company’s Common Stock.","evidence_excerpt":"Approval of Amendment to the Company’s Charter to provide the Board with discretion to effect a reverse stock split of the Company’s Common Stock 1,579,648,972 15,124,846 4,336,637 N/A","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"2afc6533ea3fef9f1bb4d2f6ea5bac9ea8b0cd2b","claim":"Skillz Inc. shareholders approved Election of Directors.","evidence_excerpt":"Election of Directors Andrew Paradise 1,428,113,747 40,788,920 1,406,211 128,801,577 Casey Chafkin 1,432,019,295 36,680,966 1,608,617 128,801,577 Kevin Chessen 1,465,241,837 3,207,671 1,859,370 128,801,577 Henry Hoffman 1,454,558,041 13,827,170 1,923,667 128,801,577 Alex Mandel 1,465,423,888 3,037,023 1,847,967 128,801,577 Seth Schorr 1,454,556,772 13,881,650 1,870,456 128,801,577 Kent Wakeford 1,416,114,650 52,353,018 1,841,210 128,801,577","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"7087b316c05b96dde7726ba7485229926e43ff53","claim":"Skillz Inc. shareholders approved Approval of Amendment to the Company’s Charter to Reflect New Delaware Law Provisions Regarding Officer Exculpation.","evidence_excerpt":"Approval of Amendment to the Company’s Charter to Reflect New Delaware Law Provisions Regarding Officer Exculpation 1,439,749,655 28,567,543 1,991,680 128,801,577","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}