Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On
Item 8.01 Other Events.
On
The Reverse Stock Split was announced by
As a result of the Reverse Stock Split, every one hundred and fifty (150) shares of the issued and outstanding common stock of the Company will be converted into one (1) share of common stock. Any and all fractional shares resulting from the Reverse Split which are less than 1 (one) whole share, shall not be rounded up to the next whole share and rather such Holder shall receive a fractional pro-rata cash payment equal to 120% of the closing market price on the Record Date. Any and all fractional shares created by the Reverse Stock Split which are greater than one (1) whole share will be rounded up to the nearest whole share.
On the Effective Date, the Company's trading symbol will change to "PHOTD" for a
period of 20 business days, after which the "D" will be removed from the
Company's trading symbol, which will revert to the original symbol of "PHOT". In
connection with the Reverse Stock Split, the Company's CUSIP number will change
to 39985X302. The Reverse Stock Split was previously approved by the Company's
shareholders at the Company's
An amendment to Articles of Incorporation was filed citing the Reverse Stock Split, a copy of which are filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 3.1 Amendment to Articles of Incorporation citing Reverse Stock Split, datedSeptember 29, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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