Presurance Announces 1-for-7 Reverse Split Cutting Shares from 26.2M to 3.7M
PRHI•Presurance Holdings will implement a 1-for-7 reverse stock split on June 1, 2026, cutting outstanding shares from 26.2 million to 3.7 million, proportionally adjusting options, warrants and RSUs. Fractional shares will be cashed out at the Nasdaq closing price, and stock will continue trading under PRHI with new CUSIP 20731J409.
1. Reverse Split Details
Presurance Holdings’ board approved a 1-for-7 reverse stock split effective 5:00 p.m. ET on June 1, 2026. The split reduces outstanding shares from approximately 26.2 million to about 3.7 million without changing par value or authorized share count.
2. Adjustment of Derivatives
Outstanding restricted stock units, stock options and warrants will be consolidated at the same 1-for-7 ratio, with exercise and conversion prices increasing proportionally. Any resulting fractional shares will be rounded down and the company will pay holders cash equal to the fractional value based on the Nasdaq closing price the day before effectiveness.
3. Trading Continuity and CUSIP
Beginning June 2, 2026, Presurance shares will trade on a split-adjusted basis under the symbol PRHI on the Nasdaq Capital Market. The common stock retains 100 million authorized shares and adopts the new CUSIP number 20731J409 following the split.
