Upland Software Plans 1-for-10 Reverse Split, Shares Fall 5.5% Premarket
UPLD•Upland Software will execute a 1-for-10 reverse stock split on June 17, cutting shares outstanding from 29.4 million to 2.9 million to meet Nasdaq listing requirements. Shares fell 5.5% premarket after shareholders at the June 3 annual meeting approved the board’s selection of a 1-for-10 ratio.
1. Reverse Split Announcement
Upland Software’s board confirmed a 1-for-10 reverse stock split effective June 17, 2026, to satisfy Nasdaq’s minimum share price requirement. Post-split shares will continue trading under the UPLD ticker with a new CUSIP 91544A208.
2. Share Count Reduction
The reverse split will reduce the outstanding share count from 29.4 million to approximately 2.9 million, maintaining each shareholder’s proportional ownership. Shares declined 5.5% in premarket trading following the announcement.
3. Equity Awards Adjustments
Outstanding stock options, restricted stock awards and other equity-based securities will be adjusted proportionally to reflect the new share structure. The 2024 Omnibus Incentive Plan’s available share pool will be updated correspondingly to preserve award value.
4. Fractional Share Treatment
No fractional shares will be issued; holders entitled to fractions will receive cash payments based on the average closing price over the five trading days prior to the reverse split filing. The par value of common stock remains at $0.0001 per share.
