secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001683168-22-007213
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Precision Optics completes 1:3 reverse stock split targeting Nasdaq uplisting
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- Reverse stock split effective Nov 1, 2022; shares outstanding reduced from 16,915,089 to ~5,638,302.
- Split intended to meet Nasdaq minimum $3 bid price; ticker temporarily PEYED (up to 20 days), then POCI.
- Company filed Nasdaq listing application; believes all other listing requirements are satisfied.
- Shareholders approved split in April 2022; Board set 1:3 ratio; fractional shares paid in cash at 5-day avg close.
- Split does not alter percentage interest except for fractional share cash-outs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316822007213/0001683168-22-007213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316822007213/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007213

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