{"schema_version":"secwatch.filing_event.v1","accession":"0001821850-23-000073","form_type":"8-K","ticker":null,"cik":"0001821850","company_name":"Sunlight Financial Holdings Inc.","filed_at":"2023-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.451438+00:00","generated_at":"2026-06-11T04:56:18.606388+00:00","sec_items":["3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sunlight Financial announces 1-for-20 reverse stock split to regain NYSE compliance","bullets":["Reverse split effective Aug 22; trading on split-adjusted basis begins Aug 23.","Outstanding shares reduced from ~86M to ~4.3M; no fractional shares, round up instead.","Warrants adjusted: each now for 1 share at $230 (was 20 shares at $11.50); aggregate shares dropped to 862,500.","Purpose is to meet NYSE minimum average closing price requirement and maintain listing.","Stockholders approved split ratio on Aug 11; board set final ratio at 1-for-20."],"urls":{"canonical":"https://secwatch.observer/filing/0001821850-23-000073","json":"https://secwatch.observer/filing/0001821850-23-000073.json","markdown":"https://secwatch.observer/filing/0001821850-23-000073.md","text":"https://secwatch.observer/filing/0001821850-23-000073.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821850/000182185023000073/0001821850-23-000073-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821850/000182185023000073/sunl-20230818.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:56:18.606388+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ad70c55b70f3be758a059bd944e08058558ff116","claim":"Sunlight Financial Holdings Inc.: Certificate of Amendment to effect 1-for-20 reverse stock split of Class A and Class C common stock (effective 2023-08-22).","evidence_excerpt":"On August 22, 2023, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect a 1-for-20 reverse stock split of each of the Company’s issued and outstanding shares of Class A common stock and Class C common stock (the “Reverse Stock Split”). The Reverse Stock Split became effective as of 11:59 p.m. Eastern Time on August 22, 2023","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821850/000182185023000073/0001821850-23-000073-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-08-22"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}