Katapult Holdings implements 1-for-25 reverse stock split to meet Nasdaq bid price requirement

Katapult Holdings, Inc.

Reverse stock split effective 5:00 p.m. ET July 27, 2023; every 25 shares become 1 share.
Goal: raise per-share price above Nasdaq minimum $1 bid price for continued listing.
No fractional shares issued; holders of fractions receive one full post-split share.
Ticker KPLT and warrants KPLTW unchanged; new CUSIP for common: 485859 201.
Proportionate adjustments to outstanding equity awards, warrants, and equity plans.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Katapult Holdings, Inc.: Amendment to certificate of incorporation to effect a 1-for-25 reverse stock split (effective 2023-07-27).

Change: charter amendment
Effective: 2023-07-27

Exact text from the filing

On July 27, 2023, Katapult Holdings, Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Certificate of Amendment ”) with the Secretary of State of the State of Delaware to amend the Company’s Second Amended and Restated Certificate of Incorporation to effect, effective as of 5:00 p.m. Eastern Time on July 27, 2023, a 1-for-twenty-five reverse stock split (the “ Reverse Stock Split ”) of its common stock, par value $0.0001 per share (“ Common Stock ”).

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Katapult Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-025967

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