This is a purely administrative correction with no impact on Leatt's operations, financials, or common stock. No trading action warranted.
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Executive Summary
Leatt Corp filed an 8-K to correct a 2012 corporate action that inadvertently omitted a 1-for-25 reverse stock split of its Series A Voting Convertible Preferred Stock. The correction retroactively reduces the preferred share count from 3,000,000 to 120,000 and removes an unintended conversion rate adjustment, restoring parity between common and preferred stock. This is a routine administrative correction with no material financial impact on the common stock.
Key Facts
- Filed a Certificate of Correction on August 11, 2026 to add a previously omitted 1-for-25 reverse split of Series A Preferred Stock, reducing outstanding shares from 3,000,000 to 120,000.
- Filed an Amendment to the Certificate of Designation removing an unintended conversion rate adjustment that would have caused a further reduction.
- The principal holder of Series A Preferred Stock (96,000 shares, representing 80% of voting power) approved both actions by written consent.
- The correction maintains parity between common and preferred stock for future stock splits or dividends.
Financial Impact
No financial impact on common stock; correction of a 2012 administrative error affecting only Series A Preferred Stock.
Risk Factors
- No material risks identified; the filing corrects a historical administrative error.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001062993-26-004455 |
| Document: 0001062993-26-004455-index-headers.html | 0001062993-26-004455 |
| Document: 0001062993-26-004455-index.html | 0001062993-26-004455 |
| Document: 0001062993-26-004455.txt | 0001062993-26-004455 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | SC 13G/A | $11.43 $11.00 | ▲ +3.76% | ▲ +2.27% | $10.33 (+9.62%) |
Oct 8, 2026 19d ago | DEFA14A | $11.50 $10.90 | ▼ −5.22% | ▼ −3.25% | $10.33 (−10.17%) |
Oct 8, 2026 19d ago | DEF 14A | $11.50 $10.90 | ▼ −5.22% | ▼ −3.25% | $10.33 (−10.17%) |
Aug 17, 2026 10w ago | 8-K | $11.90 $12.90 | ▲ +8.40% | ▲ +8.60% | $10.33 (−13.19%) |
Aug 14, 2026 10w ago | 8-K | $11.98 $11.77 | ▼ −1.75% | ▼ −0.39% | $10.33 (−13.77%) |
May 13, 2026 23w ago | 8-K | $12.20 $12.05 | ▼ −1.23% | ▼ −0.07% | $10.33 (−15.33%) |
May 12, 2026 24w ago | 8-K | $11.67 $12.10 | ▲ +3.68% | ▲ +3.61% | $10.33 (−11.48%) |
US Market Status
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