Instil Bio effects 1-for-20 reverse stock split effective Dec 7, 2023

Instil Bio, Inc.

1-for-20 reverse stock split effective 5:00 p.m. ET on December 7, 2023.
Authorized shares unchanged at 300 million; par value remains $0.000001.
Fractional shares settled in cash; all stockholders uniformly affected.
Proportionate adjustments made to outstanding stock options and equity incentive plan shares.

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

Instil Bio, Inc.: Amended certificate to effect 1-for-20 reverse stock split (effective 2023-12-07).

Change: charter amendment
Effective: 2023-12-07

Exact text from the filing

On December 7, 2023, Instil Bio, Inc. (the “Company”) filed with the Secretary of State of the State of Delaware a certificate of amendment to its amended and restated certificate of incorporation (the “Charter Amendment”) to effect the previously disclosed 1-for-20 reverse stock split of the Company’s common stock (the “Reverse Stock Split”).

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Instil Bio, Inc. filing history →

Source: SEC EDGAR

accession 0001789769-23-000100

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