---
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"
generated_at: "2026-06-13T18:16:22.604763+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Skillz announces 1-for-20 reverse stock split effective June 23 to regain NYSE compliance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.03, 5.07, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-023342
- JSON: https://secwatch.observer/filing/0001628280-23-023342.json
- Plain text: https://secwatch.observer/filing/0001628280-23-023342.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2023-06-23
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm
- Shareholder Votes
  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.
  - Proposal: reverse split
  - Outcome: passed
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm
- Shareholder Votes
  Skillz Inc. shareholders approved Election of Directors.
  - Proposal: director election
  - Outcome: passed
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm
- Shareholder Votes
  Skillz Inc. shareholders approved Approval of Amendment to the Company’s Charter to Reflect New Delaware Law Provisions Regarding Officer Exculpation.
  - Proposal: charter amendment
  - Outcome: passed
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801661/000162828023023342/0001628280-23-023342-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.