Upland Software, Inc.

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.

Upland Software, Inc. reported a significant reduction in net loss for Q1 2026, narrowing to $(1.2) million from $(25.8) million in Q1 2025. This improvement led to a net loss per common share of $(0.09), down from $(0.97) year-over-year, despite a 23.4% decrease in total revenue to $48.7 million. The company's debt structure includes a $240 million senior secured term loan and an interest rate cap agreement.

Upland Software, Inc. reported Q1 2026 financial results, with total revenue of $48.7 million, a 24% decrease year-over-year primarily due to divestitures completed in 2025. The company significantly improved its GAAP net loss to $1.2 million from $25.8 million in the prior year, resulting in a GAAP net loss per share of $(0.09). Adjusted EBITDA was $12.7 million, and free cash flow stood at $5.5 million. Upland also announced new customer acquisitions, expansions, and launched new AI-powered knowledge and content management solutions, while providing guidance for Q2 and full year 2026.

Upland Software, Inc. inadvertently included preliminary financial information for the three months ended March 31, 2026, in its Annual Report to Stockholders for the year ended December 31, 2025. The company has since filed a corrected Annual Report to Stockholders with the SEC and is mailing correct copies to requesting stockholders. Upland emphasized that the preliminary Q1 2026 data is unaudited, subject to change, and should not be relied upon, as it does not constitute an intentional disclosure of financial results.

Upland Software, Inc. (UPLD) announced it received a notification from the Nasdaq Listing Qualifications Department on April 7, 2026, indicating non-compliance with Nasdaq Listing Rule 5450(a)(1). The deficiency stems from the Company's common stock closing bid price remaining below the minimum $1.00 per share for 30 consecutive business days. This notification serves as a deficiency notice, not an immediate delisting, and UPLD's common stock will continue to trade on The Nasdaq Global Market under its current symbol. The Company has an initial 180-day period, until October 5, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.