Stockholders approve 1-for-75,000 reverse stock split for Cardiff Lexington

Cardiff Lexington Corp

Stockholders holding ~81% of voting power consented in writing to approve the reverse split.
The reverse split ratio is 1-for-75,000 of outstanding common stock.
Amendment becomes effective 20 days after filing and mailing definitive Information Statement on Schedule 14C.
Company will then file Charter Amendment with Nevada Secretary of State to effect the split.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Cardiff Lexington Corp shareholders approved Amendment to Amended and Restated Articles of Incorporation to implement a 1-for-75,000 reverse split of common stock at the 2023-02-28 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2023-02-28

Exact text from the filing

On February 28, 2023, stockholders of Cardiff Lexington Corporation (the “Company”) holding approximately 81% of the voting power of the Company’s outstanding stock consented in writing to approve an amendment to the Company’s Amended and Restated Articles of Incorporation to implement a 1-for-75,000 reverse split of the Company’s outstanding common stock (the “Charter Amendment”).

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Cardiff Lexington Corp filing history →

Source: SEC EDGAR

accession 0001683168-23-001243

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