Business Context and Reporting Period
This Form 8-K Current Report from Bark, Inc. covers the date of April 1, 2026. The filing reports the effective implementation of a corporate action previously approved by stockholders at the annual meeting on March 25, 2026.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a capital structure adjustment.
Material Changes
- Reverse Stock Split: The Company effected a one-for-twenty (1:20) reverse stock split of its Common Stock, effective at 12:01 a.m. Eastern Time on April 1, 2026.
- Trading Status: Common Stock began trading on the New York Stock Exchange on a split-adjusted basis under the existing symbol "BARK" on April 1, 2026.
- Authorized Shares: The number of authorized shares of Common Stock remained unchanged at 500 million.
- Fractional Shares: No fractional shares were issued; entitlements were rounded down to the nearest whole share, with cash payments made in lieu of fractional shares.
Adjustments to Equity Plans and Warrants
The filing details proportional adjustments to the following instruments to reflect the reverse stock split:
- Stock Incentive Plans: The number of shares available for issuance under the 2011 Stock Incentive Plan and the 2021 Equity Incentive Plan was decreased proportionately.
- Outstanding Awards: The number of shares subject to outstanding awards and the exercise, grant, or purchase prices were proportionately adjusted.
- Employee Stock Purchase Plan: The 2021 Employee Stock Purchase Plan was adjusted proportionately.
- Warrants: All outstanding warrants were adjusted regarding the number of shares purchasable and/or their exercise prices.
Outlook, Risks, and Management Commentary
The filing does not provide forward-looking guidance, management commentary on financial outlook, or specific risk factors beyond the standard qualification that the description is subject to the attached Certificate of Amendment. The action was taken at the discretion of the Board of Directors within the range (1:2 to 1:30) authorized by stockholders.
Key Facts for Investor Verification
- Verify the post-split share count and price per share on the New York Stock Exchange under symbol "BARK".
- Confirm the adjusted exercise prices and share quantities for any held options, warrants, or restricted stock units.
- Review the attached Exhibit 3.1 (Certificate of Amendment) for the full legal text of the charter amendment.
- Check for cash payments received in lieu of fractional shares if applicable.