SplitJul 28, 2026, 04:31 PM
Cloudastructure Announces 1-for-30 Reverse Stock Split
AI Summary
Cloudastructure, Inc. announced that its stockholders have approved a 1-for-30 reverse stock split of its Class A Common Stock, effective July 31, 2026. The split is intended to increase the per share trading price to regain and maintain compliance with Nasdaq's $1.00 minimum bid price requirement. Fractional shares will be rounded up, and proportionate adjustments will be made to outstanding equity awards and convertible securities.
Key Highlights
- Stockholders approved a 1-for-30 reverse stock split.
- Reverse stock split becomes effective on July 31, 2026.
- New CUSIP number for Common Stock will be 18912E306.
- Aims to regain Nasdaq $1.00 minimum bid price compliance.
- Fractional shares will be rounded up to the nearest whole share.
- No action required for shareholders holding shares in book-entry form.
Price Impact
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