System1 Announces Reverse Stock Split
1. System1 approved a 1-for-10 reverse stock split. 2. Shares will be traded on a split-adjusted basis from June 12, 2025. 3. Reverse split aims to increase per share trading price for NYSE compliance. 4. Warrants will adjust, requiring 10 warrants for 1 share post-split. 5. No fractional shares issued; cash payments will be provided instead.