{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-030708","form_type":"8-K","ticker":"SST","cik":"0001805833","company_name":"System1, Inc.","filed_at":"2025-06-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.800092+00:00","generated_at":"2026-05-19T13:45:25.796328+00:00","sec_items":["3.03","5.03","5.07","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"System1 (SST) executes 1-for-10 reverse stock split to regain NYSE compliance","bullets":["Reverse split effective June 11, 2025; shares begin trading split-adjusted June 12 under symbol SST.","Class A shares reduced from 79.8M to 7.98M; Class C from 18.7M to 1.87M; par value unchanged.","Warrants adjusted: every 10 warrants now exercisable for 1 share of Class A at $115.00 per share.","No fractional shares issued; fractional holders will receive cash; proportional voting unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-030708","json":"https://secwatch.observer/filing/0001628280-25-030708.json","markdown":"https://secwatch.observer/filing/0001628280-25-030708.md","text":"https://secwatch.observer/filing/0001628280-25-030708.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805833/000162828025030708/0001628280-25-030708-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805833/000162828025030708/sst-20250611.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T13:45:25.796328+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":"cd36e2b3db080739671bb611b11b8524977f98ef","claim":"System1, Inc.: Approved a 1-for-10 reverse stock split of Class A and Class C common stock via a certificate of amendment to the Certificate of Incorporation (effective 2025-06-12).","evidence_excerpt":"the board of directors of the Company (the “Board”), after approval by a vote of security holders at the 2025 Annual Meeting as discussed under Item 5.07 of Company’s Current Report on Form 8-K filed June 10, 2025, approved a 1-for-10 reverse stock split (the “Reverse Stock Split”) of all issued and outstanding shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), and Class C common stock, par value $0.0001 per share (“Class C Common Stock” and, together with Class A Common Stock, “Common Stock”). The Company filed a certificate of amendment (the “Certificate of Amendment”) to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split, and the Company expects that its Class A Common Stock will begin trading on a split-adjusted basis at market open on June 12, 2025","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805833/000162828025030708/0001628280-25-030708-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-06-12"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}