Sow Good Announces 15-for-1 Reverse Split to Regain Nasdaq Compliance
Sow Good Inc. will execute a 15-for-1 reverse stock split of its common shares effective April 23, 2026, trading on a split-adjusted basis from April 24. The consolidation reduces its outstanding shares from 300,801,347 to approximately 20,053,424 to regain compliance with Nasdaq's minimum bid price rule.
1. Reverse Split Approval and Timeline
The board of directors approved a 15-for-1 reverse stock split on April 10, 2026, following shareholder consent on February 12, 2026. The reverse split will become effective at 5:00 pm ET on April 23, 2026, with trading on a split-adjusted basis beginning April 24, 2026.
2. Nasdaq Compliance Objective
The reverse split aims to meet Nasdaq Listing Rule 5550(a)(2) by boosting the per-share bid price above the minimum threshold required for continued listing. This action is intended to avoid potential delisting due to the company’s sub-$1 share price.
3. Share Count Consolidation and Fractional Shares
Outstanding shares will consolidate from 300,801,347 to roughly 20,053,424 on a pro rata basis. Any fractional shares resulting from the split will be rounded up to the nearest whole share and positions held in brokerage accounts will adjust automatically.