secwatch.observer — SEC 8-K summary
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Issuer:     Science 37 Holdings, Inc. (—)
CIK:        0001819113
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001819113-23-000089
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Science 37 implements 1-for-20 reverse stock split effective Dec 8, 2023 to meet Nasdaq $1 bid price
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- Reverse split reduces outstanding shares from ~119M to ~6M; new CUSIP 808644207.
- Split effective Dec 8, 2023 at 12:01 a.m. ET; trading on Nasdaq under SNCE begins split-adjusted.
- Stockholders authorized split at Nov 29 special meeting; board approved 1-for-20 ratio.
- No fractional shares; fractional shares rounded up to full share; no change to authorized shares or par value.
- Company warns no guarantee of regaining compliance with $1 minimum bid price requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819113/000181911323000089/0001819113-23-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819113/000181911323000089/snce-20231205.htm
  HTML page:      https://secwatch.observer/filing/0001819113-23-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer