---
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"
generated_at: "2026-06-11T04:56:18.606388+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sunlight Financial announces 1-for-20 reverse stock split to regain NYSE compliance

## Summary
- 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.

## SEC filing metadata
- accession: 0001821850-23-000073
- form_type: 8-K
- cik: 0001821850
- company_name: Sunlight Financial Holdings Inc.
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001821850-23-000073
- JSON: https://secwatch.observer/filing/0001821850-23-000073.json
- Plain text: https://secwatch.observer/filing/0001821850-23-000073.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2023-08-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821850/000182185023000073/0001821850-23-000073-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.