Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
As a result of the Reverse Stock Split, every 500 shares of issued and outstanding Common Stock or Preference Stock were automatically combined into one issued and outstanding share of Common Stock or Preference Stock, without any change in the par value per share. No fractional shares were issued as a result of the Reverse Stock Split were rounded up to the nearest whole share. Following the Reverse Stock Split, the number of shares of Common Stock outstanding was reduced from 730,039,317 shares to 1,460,079 shares, while the number of shares of Preference Stock outstanding was reduced from 1,259,898 shares to 2,520 shares. There was no change to the number of authorized shares for both Common Stock and Preference Stock.
The Company's transfer agent, EQ Shareowner Services ("EQ"), is acting as the exchange agent and transfer agent for the Reverse Stock Split. EQ will provide instructions to stockholders with physical certificates regarding the process for exchanging their pre-split stock certificates for post-split shares in book-entry form.
The forgoing description of the Certificate of Amendment does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the full text of the Certificate of Amendment, which is attached as Exhibit 3.1 to this Current Report on Form 8-K, and is incorporated herein by reference.
Item 8.01. Other Events
On
Item 9.01 Financial Statements and Exhibits.
Number Description 3.1 Certificate of Amendment 99.1 Press Release, datedMay 20, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
© Edgar Online, source