Auddia to Execute 1-for-7.7 Reverse Split, Cutting Shares to 500,000
Auddia will implement a 1-for-7.7 reverse stock split before market open on April 1, 2026, reducing its outstanding common shares from approximately 3.9 million to about 500,000. The split adjusts all common, preferred, warrants, options and RSUs proportionately, rounds fractional shares up and assigns new CUSIP 05072K404.
1. Reverse Split Implementation
Auddia’s board approved a 1-for-7.7 reverse stock split effective before market open on April 1, 2026. Every 7.7 issued shares of common stock will combine into one share, with adjustments to shareholdings automated for brokerage accounts and instructions issued for certificate holders.
2. Adjustments to Securities and CUSIP
The reverse split applies equally to outstanding preferred stock, warrants, stock options and restricted stock units, with conversion and exercise prices adjusted proportionately. All resulting fractional shares will be rounded up at the participant level and the company’s common stock will trade under new CUSIP 05072K404.
3. Post-Split Share Count and Listing Standards
Post-split, issued and outstanding common shares are expected to fall from approximately 3.9 million to about 500,000. The board expects the split to raise the share price above the $1.00 minimum bid requirement to maintain Nasdaq listing compliance.