Authorization for reverse stock split at ratios 1-for-2 to 1-for-6 prior to February 4, 2011
Company: Riot
What the later record shows
Outcome not yet confirmed
No passage says whether the Board carried out a reverse stock split before February 4, 2011. P1 mentions reverse splits only as generic note-adjustment language.
Checked November 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Board authorized to effect a reverse stock split of outstanding Common Stock in a ratio of at least 1-for-2 and up to 1-for-6, prior to February 4, 2011, to maintain NASDAQ Capital Market listing.
Source (primary)
Riot DEF 14A filed 2010-10-22 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “Approve a proposal to authorize the Board of Directors to effect, in its discretion (if the Board of Directors determines that a reverse stock split is in the best interests of the Company to maintain NASDAQ Capital Market listing) prior to February 4, 2011, a reverse stock split of the outstanding shares of the Company's Common Stock in a ratio of at least 1-for-2 and of up to 1-for-6, to be determined by the Board of Directors”
How we checked this
Checked on October 12, 2026. The cited source supports part of this claim, but not all of it.
This proxy statement sets out the proposed reverse split terms, deadline and purpose. It was issued before the shareholder vote, so it cannot show that the Board actually received the authorization.
Confirmed in the source:
- AspenBio Pharma proposed that shareholders authorize the Board to effect a reverse stock split of outstanding Common Stock in a ratio of at least 1-for-2 and up to 1-for-6
- The proposed authorization would apply only to a split effected before February 4, 2011
- The stated purpose of the proposed reverse split was to maintain the Company's NASDAQ Capital Market listing
We could not confirm this from the cited source:
- That AspenBio Pharma's Board was actually granted the authority to effect the reverse stock split. The proxy statement only asks shareholders to approve it at the November 22, 2010 meeting and does not report the outcome of that vote.
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997310001118/appy_def14a.htm) in full (159,763 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot DEF 14A filed 2010-10-22
Quote: “Approve a proposal to authorize the Board of Directors to effect, in its discretion (if the Board of Directors determines that a reverse stock split is in the best interests of the Company to maintain NASDAQ Capital Market listing) prior to February 4, 2011, a reverse stock split of the outstanding shares of the Company's Common Stock in a ratio of at least 1-for-2 and of up to 1-for-6, to be determined by the Board of Directors”