CAMARILLO, Calif., April  27, 2026  (GLOBE NEWSWIRE) -- Qualstar Corporation (OTC:QBAK) (the &#34;Company&#34; or &#34;Qualstar&#34;), a trusted provider of scalable data storage and high-efficiency power solutions, announced that the

QBAK

Company's 3-for-1 Stock Split Cleared by FINRA for OTC Markets Trading

Qualstar Announces 3-for-1 Forward Stock Split Approved by FINRA

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CAMARILLO, Calif., April  27, 2026  (GLOBE NEWSWIRE) -- Qualstar Corporation (OTC:QBAK) (the &amp;#34;Company&amp;#34; or &amp;#34;Qualstar&amp;#34;), a trusted provider of scalable data storage and high-efficiency power solutions, announced that the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Qualstar Corporation has received FINRA approval for a 3-for-1 forward stock split, effective April 28, 2026. This move aims to enhance liquidity in trading and could attract a broader investor base, positively impacting share price in the near term.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Qualstar announces 3-for-1 forward stock split approved by FINRA.</li><li>Stock split effective ex-date is April 28, 2026.</li><li>Company offers scalable data storage solutions with 35,000 units sold globally.</li><li>Qualstar remains last independent tape library manufacturer with strong market position.</li><li>Future performance susceptible to various risks outlined in forward-looking statements.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>FINRA (N/A)</strong>: Approval of the stock split enhances QBAK&#039;s market dynamics.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under Corporate Developments as it pertains to significant changes in Qualstar&#039;s capital structure that directly affect shareholder value and market perception.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Stock split could enhance QBAK&#039;s liquidity, drawing more investor interest.</li><li>Potentially increased share price post-split may attract retail investors.</li><li>Qualstar&#039;s unique position as last independent manufacturer supports long-term value.</li><li>Increased scrutiny of forward-looking statements could impact investor sentiment.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Qualstar&#039;s 3-for-1 stock split approved by FINRA.</li><li>Ex-date for split is April 28, 2026.</li><li>Company has sold over 35,000 digital storage units worldwide.</li><li>Qualstar competes as the last independent manufacturer in the tape library sector.</li><li>Founded in 1984, Qualstar focuses on energy-efficient data storage.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider QBAK as a buy ahead of the stock split for potential short-term gains.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">CAMARILLO, Calif., April  27, 2026  (GLOBE NEWSWIRE) -- <strong>Qualstar Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/quote/QBAK">QBAK</a>) </strong>(the "Company" or "Qualstar")<strong>, </strong>a trusted provider of scalable data storage and high-efficiency power solutions, announced that the Financial Industry Regulatory Authority ("FINRA") has completed its review of the Company's 3-for-1 forward stock split and cleared the split to be reflected in trading on the OTC Markets.</p>  <p align="left">The ex-date, which is the date that the split will be reflected in shareholder brokerage accounts, is April 28, 2026.</p>  <p align="left"><strong>ABOUT</strong> <strong>QUALSTAR</strong></p>  <p align="left">Founded in California in 1984, Qualstar Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/quote/QBAK">QBAK</a>) is a trusted provider of digital storage solutions with more than 35,000 units sold worldwide. The company designs and manufactures scalable, energy-efficient tape libraries that safeguard critical, infrequently accessed data for long-term preservation. As the last independent tape library manufacturer, Qualstar provides customers with flexibility free from proprietary software lock-in or slot licensing fees and delivers faster turnaround times than many larger competitors. Backed by over four decades of innovation and a strong installed base, Qualstar has earned a reputation for reliability in serving organizations across a wide range of data-intensive industries.</p>  <p align="left"><strong>SAFE</strong> <strong>HARBOR /</strong> <strong>FORWARD-LOOKING</strong> <strong>STATEMENTS</strong></p>  <p align="left">This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, the timing of the stock split on the OTC Markets, and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of Qualstar's industry, R&amp;D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the Qualstar's forward-looking statements include, among other things, the following: our ability to develop and commercialize new products; industry and customer adoption and acceptance of our new products; our ability to increase sales of our products; the rescheduling or cancellation of customer orders; unexpected shortages of critical components; unexpected product design or quality problems; adverse changes in market demand for our products; increased competition and pricing pressure on our products; a decrease in the quality and/or reliability of our products; protection of our proprietary intellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials for our products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations including fluctuations in exchange rates; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentrations. Qualstar undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</p>  <p align="left"><strong>FOR</strong> <strong>MORE</strong> <strong>INFORMATION</strong><br></br>Qualstar Corporation <br></br><em>Investor Relations </em><br></br><a href="https://www.globenewswire.com/Tracker?data=ZpXiOgXe45nAgodJfnabAAYcc0qMWGnglyT_vY5CgmZWqu7rtu_Hc_zI5nftUqX9PlPCPbZpRs8S-ryNZWf9SVmTcjCrDU6C8oJPkGl5Xn8=" rel="nofollow" target="_blank"><em><u>QBAK@Qualstar.com</u></em></a> <br></br><em>805-312-9444</em></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcwNzcyMiM3NTY4MTMyIzIwMDczNTE="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MGM0N2RlYmQtZWZlZC00OWIyLTkwZGItYmU5N2YyNTU1OTI1LTEwMTg5MjQtMjAyNi0wNC0yNy1lbg==/tiny/QUALSTAR.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/88601b62-a23b-403f-ad04-0e390c208054"><img src="https://ml.globenewswire.com/media/88601b62-a23b-403f-ad04-0e390c208054/small/qualstar-png.png" border="0" width="150" height="32" alt="Primary Logo"></img></a></p>

Qualstar Corporation has received FINRA approval for a 3-for-1 forward stock split, effective April 28, 2026. This move aims to enhance liquidity in trading and could attract a broader investor base, positively impacting share price in the near term.

Company's 3-for-1 Stock Split Cleared by FINRA for OTC Markets Trading

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