secwatch.observer — SEC 8-K summary
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Issuer:     PARKS AMERICA, INC (PRKA)
CIK:        0001297937
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001641172-25-007858
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parks! America (PRKA) effects 1-for-500 reverse/5-for-1 forward stock split effective April 30
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- Reverse/forward stock split: 1-for-500 reverse then 5-for-1 forward, effective April 30, 2025 at 5:00 PM ET.
- Post-split shares will trade under symbol PRKAD for 20 trading days, then revert to PRKA; new CUSIP 701455206.
- Outstanding shares reduce from 75,726,851 to approximately 754,045.
- Cash paid for fractional shares: holders with fewer than 500 shares receive cash based on 5-day average closing price.
- Purpose: reduce excessive administrative costs associated with disproportionately large number of small stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297937/000164117225007858/0001641172-25-007858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297937/000164117225007858/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-007858

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