SplitJun 4, 2026, 08:37 AM
KIDZ AI Announces 1-for-10 Reverse Stock Split
AI Summary
KIDZ AI Inc. (formerly Classover Holdings, Inc.) announced a 1-for-10 reverse stock split for its Class A and Class B common stock, effective June 8, 2026. This action is intended to ensure compliance with Nasdaq's minimum bid price requirement. The company also reduced its authorized share capital accordingly. The trading symbol 'KIDZ' will remain unchanged, and fractional shares will be rounded up.
Key Highlights
- KIDZ AI Inc. announced a 1-for-10 reverse stock split for Class A and Class B common stock, effective June 8, 2026.
- The reverse split aims to comply with Nasdaq's minimum bid price requirement of $1.00 per share.
- Authorized shares will be reduced from 1,000,000 Class A to 100,000 and 40,000,000 Class B to 4,000,000.
- Outstanding shares as of June 4, 2026, would be reduced from 130,701 Class A to 13,071 and 11,134,459 Class B to 1,113,446.
- Warrant exercise prices will be multiplied by 10, and the number of shares issuable will be divided by 10.
- Fractional shares resulting from the split will be rounded up to the nearest whole share.
Price Impact
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