PSFE - Paysafe to implement 1-for-12 reverse stock split

• The board of the payments platform Paysafe ( NYSE: PSFE ) approved a consolidation of its shares at a ratio of 1-for-12.
• The reverse stock split concerns the company's issued and unissued shares of par value $0.001, and the unissued undesignated shares, of par value $0.001.
• Post the reverse stock split, the authorized share capital of PSFE shall be comprised of $22M divided into 1.6B shares of par value $0.012 each and 233.33M undesignated shares of par value $0.012 each.
• PSFE shareholders have approved the reverse stock split at a Dec. 8 special general meeting, with over 95% approval for all proposals.
• The consolidation will be effective from Dec. 12, 4:01 p.m. ET.
• The shares will start trading on NYSE on a split-adjusted basis from Dec. 13, Tuesday.
• Source: Press Release

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