System1 Announces Reverse Stock Split
1. System1 plans a 1-for-10 reverse stock split for Class A and C shares. 2. The reverse split aims to maintain NYSE listing by increasing share price. 3. Stockholders approved the split during a June 10, 2025 meeting. 4. Trading on a split-adjusted basis starts June 12, 2025. 5. Warrants will also be adjusted to reflect the reverse split ratio.