secwatch.observer — SEC 8-K summary
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Issuer:     DYNATRONICS CORP (—)
CIK:        0000720875
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001654954-23-001177
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dynatronics effects 1-for-5 reverse stock split to meet Nasdaq minimum bid
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- Reverse split effective 5:00 p.m. ET on Feb 1, 2023; shares begin split-adjusted trading Feb 2.
- Outstanding shares reduced from ~19.6M to ~3.9M; no fractional shares issued.
- Conversion shares for Series A preferred drop from 1,992,000 to 398,400; Series B from 1,359,000 to 271,800.
- Company warns it may not sustain compliance with Nasdaq minimum bid price or other listing requirements.
- No change to authorized common (100M) or preferred (50M) shares or par value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720875/000165495423001177/0001654954-23-001177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720875/000165495423001177/dynt_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-001177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer