Item 3.03 Material Modification to Rights of Security Holders.

To the extent required by Item 3.03 of Form 8-K, the information regarding the Reverse Stock Split (as defined herein) contained in Item 5.03 of this Current Report on Form 8-K is incorporated by reference herein.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On March 28, 2023, the stockholders of Minim, Inc. ("the Company") approved an amendment to the Company's Amended and Restated Certificate of Incorporation to implement a reverse stock split of the Company's common stock, par value $0.01 per share, with the ratio to be determined by the Board of Directors (the "Board") of the Company, within a range of not less than 1-for-10 or greater than 1-for-25. Subsequently on March 30, 2023, the Board determined to fix the ratio for the reverse stock split at 1-for-25. On March 31, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the "Certificate of Amendment") with the Secretary of State of the State of Delaware, to implement the 1-for-25 reverse split of its common stock (the "Reverse Stock Split"). The Certificate of Amendment provides that the Reverse Stock Split will be effective as of 12:01 a.m. (Eastern Time) on April 17, 2023 (the "Effective Time"), and Minim anticipates the Company's common stock will begin trading on The Nasdaq Capital Market on a post-split basis on April 17, 2023 under the Company's existing symbol "MINM."

As a result of the Reverse Stock Split, every twenty-five (25) shares of the Company's issued and outstanding common stock, par value $0.01, will be converted at the Effective Time into one (1) share of common stock, par value $0.01, reducing the number of issued and outstanding shares of the Company's common stock from approximately 47.15 million shares to approximately 1.89 million shares. The Company's transfer agent, Computershare Trust Company, N. A. ("Computershare"), will provide instructions to stockholders of record regarding the process for exchanging shares.

The Reverse Stock Split will not modify any voting rights or other terms of the common stock and will not affect any stockholder's percentage interest in the Company's common stock, except for adjustments which may result from the treatment of fractional shares as described below. Because the Certificate of Amendment will not reduce the number of authorized shares of the Company's common stock, the Certificate of Amendment and the Reverse Stock Split will increase the number of shares of common stock available for issuance relative to the number of shares issued and outstanding. However, pursuant to the existing terms of the Company's outstanding equity awards and equity incentive plans, a proportionate increase will be made in the per share exercise price, and decrease in the number of underlying shares issuable upon exercise, under all of the Company's outstanding equity awards, and the number of shares authorized and reserved for potential issuance pursuant to the Company's equity incentive plans will be proportionately reduced.

No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who otherwise would be entitled to receive fractional shares because they hold a number of pre-Reverse Stock Split shares of the Company's common stock not evenly divisible by twenty-five (25), will, in lieu of a fractional share, be entitled, upon surrender to the exchange agent of certificate(s) representing their pre-split shares or upon conversion of their shares held in book-entry, receive a cash payment equal to the fraction to which the stockholder would otherwise be entitled multiplied by the closing trading price on April 17, 2023 (as adjusted to give effect to the Reverse Stock Split).

Computershare will be issuing all of the post-split shares through their paperless Direct Registration System ("DRS"), also known as "book-entry form". Computershare will hold the shares in an account set up for the stockholder.

All book-entry or other electronic positions representing issued and outstanding shares of the Company's common stock will be automatically adjusted. Those stockholders holding common stock in "street name" will receive instructions from their brokers.

The above description of the Certificate of Amendment and the Reverse Stock Split is a summary of the material terms thereof and is qualified in its entirety by reference to the Certificate of Amendment, a copy of which is attached hereto as Exhibit 3.1, as filed with the Secretary of State of the State of Delaware on March 31, 2023.




Item 8.01 Other Events.

On March 31, 2023, the Company issued a press release relating to the matters described in Item 5.03 above. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits



Number   Description
3.1        Certificate of Amendment to the Amended and Restated Certificate of
         Incorporation of Minim, Inc., filed with the Delaware Secretary of State
         on March 31, 2023
99.1       Press Release issued by the Company on March 31, 2023
104      Cover Page Interactive Data File (embedded within the Inline XBRL
         document).

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