Auddia completes 1-for-25 reverse stock split; shares drop to ~818k

AUDDIA INC.

Reverse split effective 5:00 PM ET on February 26, 2024; trading begins split-adjusted February 27.
Outstanding shares reduced from ~20.47M pre-split to ~818k post-split; authorized shares remain 100M.
Warrants, options, and RSUs adjusted proportionately; fractional shares rounded up to whole shares.
New CUSIP for common stock is 05072K 206; board set final ratio after stockholder approval of 1:5–1:50 range.

item 3.03 item 5.03 item 9.01

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

AUDDIA INC.: Certificate of Amendment to effect a one-for-twenty five reverse stock split (effective 2024-02-23).

Change: charter amendment
Effective: 2024-02-23

Exact text from the filing

On February 23, 2024, Auddia Inc. (the "Company") filed a Certificate of Amendment to the Certificate of Incorporation of the Company (the "Certificate of Amendment") with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s common stock at a ratio of one-for-twenty five.

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AUDDIA INC. filing history →

Source: SEC EDGAR

accession 0001683168-24-001185

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