Form 8-K - Current report
February 01 2024 - 3:20PM
Edgar (US Regulatory)
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0001697834
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2024-02-01
2024-02-01
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): February 1, 2024
Stem
Holdings, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Nevada |
|
000-55751 |
|
61-1794883 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
No.) |
|
(I.R.S.
Employer
Identification
No.) |
2201
NW Corporate Blvd, Suite 205
Boca
Raton, FL 33431 |
|
33431 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (561) 237-2931
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol |
|
Name
of exchange on which registered |
Common
Stock par value $0.001 |
|
STMH |
|
OTC
Pink Sheets |
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE
OF CONTENTS
SIGNATURES
Item
3.03 |
|
Material
Modification to Rights of Security Holders. |
On
February 1, 2024, Stem Holdings, Inc. announced that the February 1, 2024 effectiveness of a one for 100 reverse stock split. The shares
of Stem will continue to trade under the symbol, STMH on the OTC Pink Sheets and, STEM on the CSE,
The
reverse split was approved by the Company’s shareholders on December 28, 2022 and approved by the Company’s Board
of Directors on November 27, 2023, with a filing with the Nevada Secretary of State on December 18, 2023.
Effective
February 1, 2024, the Company’s Common Stock will trade under CUSIP 85858U305 and the Company’s former CUSIP (85858U107)
will be suspended effective February 1, 2024. As a result of the reverse split, the Company’s 557,999,222 shared will be converted
into 5,579,992 post-split shares. All fractional interests resulting from the reverse split will be rounded up to the nearest whole share.
Company
shares in brokerage accounts will automatically be converted to shares of Stem (CUSIP NO: 85858U305) by Depository Trust Company (“DTC”)
and the brokerage firms. There is no additional action required from investors with deposited Company common shares.
Company
shareholders needing to contact the transfer agent should submit and online ticket at https://odysseycontact.com/ for service.
Item
9.01 |
|
Financial Statements and Exhibits. |
(d)
Exhibits
None.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Stem
Holdings, Inc. |
|
|
|
|
By: |
/s/
Matthew Cohen |
|
Name:
|
Matthew
Cohen |
|
Title:
|
President |
|
|
|
|
Dated: February 1, 2024 |
|
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