Recruiter.com effects 1-for-15 reverse stock split to meet Nasdaq listing requirements

Nixxy, Inc.

Reverse stock split at ratio 1-for-15 effective August 25, 2023; symbol remains RCRT.
Authorized common shares reduced to 6,666,667; outstanding shares approx. 1,408,366 post-split.
Fractional shares rounded up to nearest whole share; proportional adjustments to options, warrants, and convertible preferred.
Board approved ratio on August 4, 2023; filed Certificate of Change with Nevada SOS on August 22, 2023.

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

Nixxy, Inc.: Reverse stock split at 1-for-15 ratio and proportional decrease of authorized common shares from prior amount to 6,666,667 shares, effective August 25, 2023 (effective 2023-08-25).

Effective: 2023-08-25

Exact text from the filing

On August 22, 2023, Recruiter.com Group, Inc. (the “Company”) filed a Certificate of Change pursuant to Nevada Revised Statutes (“NRS”) 78.209 with the Nevada Secretary of State to effect a reverse stock split of the Common Stock, and the proportional decrease of the Company’s authorized shares of Common Stock at a ratio of one-for-fifteen (15) (the “Stock Split”).

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Nixxy, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-011277

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