, merger, acquisition, exchange, distribution,. This form is required to be filed no later than ten (10) days after this occurrence.When does a company need to submit a Shares Outstanding Change Form? Identification Number 71. By the shareholders, in accordance with Section 10.20, a resolution of the board of directors having been duly adopted and submitted to the shareholders. Delisting is a financial term describing a phenomenon where a listed security is removed from the exchange on which it trades. A new entry does not imply that there was a change in the number of shares outstanding. OST implements strategic reverse split to maintain Nasdaq listing, reducing shares from 18.1M to 1.81M. 600,000 public shares outstanding. History of shares outstanding, including derived shares adjusted.