BK Technologies approves 1-for-5 reverse stock split effective April 21, 2023

BK Technologies Corp

Reverse stock split ratio 1:5, effective April 21, 2023 at 5:00 p.m. ET.
Post-split shares ~3.4M from ~17M pre-split; authorized shares reduced from 50M to 10M.
No fractional shares; all fractional shares rounded up to nearest whole share.
Chairman Cerminara cites requests from shareholders to ease ownership at major brokerages for low-priced stocks.
Stockholder approval not required; board approved pursuant to Nevada law.

Key facts

Extracted from this filing and checked against the source text.

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

BK Technologies Corp: Reverse stock split at ratio 1-for-5 filed via Certificate of Change with Nevada Secretary of State, effective April 21, 2023 (effective 2023-04-21).

Change: charter amendment
Effective: 2023-04-21

Exact text from the filing

The Reverse Stock Split will be effected pursuant to the Company’s filing of a Certificate of Change (the “Certificate”) with the Secretary of State of the State of Nevada. The Certificate will become effective at 5:00 p.m. on the Effective Date.

View on SEC.gov

Browse all governance changes →

BK Technologies Corp filing history →

Source: SEC EDGAR

accession 0001654954-23-003704

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.