BuzzFeed approves 1-for-4 reverse stock split effective May 6, 2024

BuzzFeed, Inc.

Pre-split: 140.96M Class A and 5.47M Class B shares outstanding; post-split: ~35.24M Class A and ~1.37M Class B.
Warrants adjusted: exercise price from $11.50 to ~$46.00; shares issuable from ~9.88M to ~2.47M.
Convertible notes due 2026 ($119.1M principal) conversion price adjusted from $12.50 to ~$50.00; shares issuable from ~9.53M to ~2.38M.
Equity awards proportionally adjusted: option exercise price from ~$7.05 to ~$28.18; RSU per-unit fair value from ~$0.72 to ~$2.89.
Fractional shares rounded up; par value unchanged; Nasdaq symbol BZFD and BZFDW remain.

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

BuzzFeed, Inc.: Filed a Certificate of Amendment to effect a 1-for-4 reverse stock split of common stock, effective May 6, 2024 (effective 2024-05-06).

Change: charter amendment
Effective: 2024-05-06

Exact text from the filing

On April 26, 2024, the Company filed the amendment to the Certificate of Incorporation attached hereto as Exhibit 3.1 with the Secretary of State of the State of Delaware (the “ Certificate of Amendment ”).

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BuzzFeed, Inc. filing history →

Source: SEC EDGAR

accession 0001828972-24-000099

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