SplitAug 11, 2026, 08:37 AM
KIDZ AI Announces 1-for-15 Reverse Stock Split Effective Aug 13
AI Summary
KIDZ AI Inc. announced a 1-for-15 reverse stock split for its Class A and Class B common stock, effective August 13, 2026. The Board of Directors approved this ratio on July 21, 2026, following stockholder approval on June 10, 2026. The company aims to increase its per-share trading price to meet Nasdaq's continued listing requirements, specifically the minimum bid price.
Key Highlights
- KIDZ AI Inc. approved a 1-for-15 reverse stock split for Class A and Class B common stock.
- The reverse stock split will become effective at 12:01 a.m. Eastern Time on August 13, 2026.
- The primary reason is to increase the per-share trading price to comply with Nasdaq's minimum bid price requirement.
- The trading symbol "KIDZ" will remain unchanged, but the CUSIP number will change to 182744409.
- Every 15 shares of Class A and Class B common stock will combine into one share.
- Fractional shares will be rounded up to the nearest whole share.
- The reverse split will not change the number of authorized shares or the $0.0001 par value per share.
- Proportional adjustments will be made to outstanding warrants, convertible securities, and equity incentive plans.
Price Impact
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