SplitJun 4, 2026, 09:22 AM
Upland Software Announces 1-for-10 Reverse Stock Split Effective June 17
AI Summary
Upland Software, Inc. announced a 1-for-10 reverse stock split, effective June 17, 2026, with trading on a post-split basis under the existing symbol "UPLD". Stockholders approved this action at the Annual Meeting on June 3, 2026. Additionally, stockholders approved an amendment to the 2024 Omnibus Incentive Plan, increasing the shares reserved for issuance by 2,000,000. Other proposals at the Annual Meeting included the election of a director and ratification of KPMG LLP as the independent auditor.
Key Highlights
- Upland Software will effect a 1-for-10 reverse stock split, converting 10 shares into 1.
- The reverse stock split becomes effective at 12:01 AM ET on June 17, 2026.
- Post-split trading on Nasdaq under the existing symbol "UPLD" begins June 17, 2026.
- Stockholders approved an amendment to the 2024 Omnibus Incentive Plan.
- Shares reserved for issuance under the 2024 Plan increased by 2,000,000 shares.
- Stockholders elected one Class III director and ratified KPMG LLP as the independent auditor.
- Fractional shares resulting from the reverse split will be paid in cash.
Price Impact
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