Board authorization for reverse stock split up to 1-for-6 by February 4, 2011
Company: Riot
What the later record shows
Outcome not yet confirmed
No passage says whether a reverse split in the 1-for-2 to 1-for-6 range was carried out before February 4, 2011.
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
Source (primary)
Riot PRE 14A filed 2010-10-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “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”
How we checked this
Checked on October 12, 2026. The cited source supports part of this claim, but not all of it.
The document confirms the proposed terms: a 1-for-2 to 1-for-6 ratio, effected before February 4, 2011. It is a preliminary proxy asking shareholders to approve that authority, so it does not show the Board was actually authorized.
Confirmed in the source:
- AspenBio Pharma's Board proposed that shareholders authorize it to effect a reverse stock split of outstanding Common Stock at a ratio of at least 1-for-2 and up to 1-for-6
- The proposed authorization would apply only before February 4, 2011, at the Board's discretion, to maintain the company's NASDAQ Capital Market listing
We could not confirm this from the cited source:
- That shareholders actually granted the Board authority to effect the reverse stock split (this preliminary proxy only proposes the authorization for a vote at the November 22, 2010 meeting)
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/1167419/000107997310001084/appy_pre14a.htm) in full (159,768 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot PRE 14A filed 2010-10-12
Quote: “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”