Item 3.03. Material Modification to Rights of Security Holders.
To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this report is incorporated herein by reference.
Item 5.03. Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.
As previously announced, on
As a result of the Reverse Split, every 12 shares of the Company's issued and
outstanding Common Shares automatically converted into one Common Share, without
any change in the par value per share. A total of 14,215,169 Common Shares were
issued and outstanding immediately after the Reverse Split became effective on
Neither the Reverse Split nor the Amendment affected the number of authorized or
issued and outstanding shares of the Company's preferred shares. As a result of
the Reverse Split, the conversion price for the Company's outstanding Class A
Series 1 preferred shares ("Series A preferred shares") was automatically
increased to
In addition, effective as of the same time as the Reverse Split, the Company's Board of Directors reduced the number of Common Shares available for issuance under the Company's equity compensation plans in proportion to the Reverse Split ratio. Upon effectiveness, the Reverse Split also resulted in reductions in the number of Common Shares issuable upon exercise or vesting of equity awards in proportion to the Reverse Split ratio and caused a proportionate increase in the exercise price, if any, applicable to such awards.
The Company's Common Shares will continue to trade on the
For more information about the Reverse Split, see the Company's definitive proxy
statement filed with the
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Description of Document Number 3.1 Certificate of Amendment to the Notice of Articles ofCiveo Corporation . 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
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