Bark, Inc. Confirms NYSE Listing of Common Stock & Warrants
Ticker: BARKW · Form: 8-K · Filed: Jan 12, 2024 · CIK: 1819574
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, stock-listing, warrants, corporate-governance
TL;DR
**Bark, Inc. just confirmed its common stock and warrants are still trading on the NYSE.**
AI Summary
Bark, Inc. filed an 8-K on January 12, 2024, reporting an event that occurred on January 8, 2024. The filing primarily updates the company's registered securities on the New York Stock Exchange, specifically its Common Stock (trading symbol BARK) with a par value of $0.0001 and its Warrants (trading symbol BARK WS) exercisable at $11.50 per share. This matters to investors as it confirms the continued listing and trading of these securities, providing transparency and liquidity for current and potential shareholders.
Why It Matters
This filing confirms the continued listing of Bark, Inc.'s common stock and warrants on the New York Stock Exchange, which is crucial for maintaining investor confidence and market liquidity.
Risk Assessment
Risk Level: low — This filing is purely administrative, confirming existing security listings, and does not introduce new financial or operational risks.
Analyst Insight
Investors should note this filing as a routine update confirming the continued listing of BARK's securities, which is a positive for market access and liquidity, but it doesn't signal any immediate operational or financial changes.
Key Numbers
- $0.0001 — Common Stock Par Value (The nominal value assigned to each share of common stock.)
- $11.50 — Warrant Exercise Price (The price at which each warrant can be converted into one share of common stock.)
Key Players & Entities
- Bark, Inc. (company) — registrant
- New York Stock Exchange (company) — exchange where securities are registered
- $0.0001 (dollar_amount) — par value of Common Stock
- $11.50 (dollar_amount) — exercise price per share for Warrants
- January 8, 2024 (date) — date of earliest event reported
- January 12, 2024 (date) — filing date of the 8-K
FAQ
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is BARK, Inc.
On which stock exchange are Bark, Inc.'s Common Stock and Warrants registered?
Both the Common Stock and Warrants of Bark, Inc. are registered on the New York Stock Exchange.
What is the par value of Bark, Inc.'s Common Stock?
The par value of Bark, Inc.'s Common Stock is $0.0001 per share.
What is the exercise price for Bark, Inc.'s Warrants?
Each warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share.
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 8, 2024.
Filing Stats: 756 words · 3 min read · ~3 pages · Grade level 12.6 · Accepted 2024-01-12 08:34:37
Key Financial Figures
- $0.0001 B — ch registered Common Stock, par value $0.0001 BARK New York Stock Exchange Warrants,
- $11.50 — of Common Stock at an exercise price of $11.50 per share BARK WS New York Stock Exchan
- $95,000 — n the Complaint, BARK has agreed to pay $95,000 (the "Mootness Fee," inclusive of a $50
- $500 — 000 (the "Mootness Fee," inclusive of a $500 service award to Plaintiff) to Plaintif
Filing Documents
- bark-20240108.htm (8-K) — 30KB
- 0001819574-24-000005.txt ( ) — 196KB
- bark-20240108.xsd (EX-101.SCH) — 3KB
- bark-20240108_def.xml (EX-101.DEF) — 15KB
- bark-20240108_lab.xml (EX-101.LAB) — 31KB
- bark-20240108_pre.xml (EX-101.PRE) — 16KB
- bark-20240108_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On August 23, 2023, plaintiff Geoffrey Vernon (the "Plaintiff") filed a putative class action complaint (the "Complaint") in the Court of Chancery of the State of Delaware (the "Court") against BARK, Inc. ("BARK" or the "Company") and certain current and former members of BARK's board of directors (the "Board", together with the Company, the "Defendants") under the caption Vernon v. BARK, Inc. et al., C.A. No. 2023-0866-PAF (the "Action"). The Complaint alleged, among other things, that Article Thirteenth of the Company's Third Amended and Restated Certificate of Incorporation (the "Waiver Provision" and the "Charter," respectively), which provides for the waiver and renunciation of corporate opportunities related to the Company, violates Sections 102(b)(7) and 122(17) of Delaware's General Corporation Law ("DGCL") as impermissibly broad and impermissibly waiving fiduciary duties of the members of the Board. Defendants denied any and all wrongdoing alleged in the Complaint, but, because the Complaint had called into question the validity of the Waiver Provision, the Board determined that it was advisable and in the best interests of the Company and its stockholders to amend the Charter to delete the provisions of Article Thirteenth, in their entirety (the "Amendment"). The Board thus approved and adopted the Amendment and will direct the Amendment to be submitted to the stockholders of the Company for adoption and approval at the Company's next annual meeting of stockholders with the Board's recommendation that the Amendment be approved and adopted by the stockholders of the Company. The Board also took additional actions in relation to the Waiver Provision. On December 12, 2023, after Plaintiff was advised of the Board's actions, Plaintiff filed a notice of voluntary dismissal of the Action as moot, which the Court approved by order dated December 13, 2023. Believing that the swift resolution of this Action was in the best interest of
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BARK, Inc. By: /s/ Allison Koehler Name: Allison Koehler Title: General Counsel and Secretary Date: January 12, 2024