Leafly Holdings approves 1-for-500 reverse stock split; intends to deregister

Leafly Holdings, Inc. /DE

• Reverse stock split at 1-for-500 ratio effective June 20, 2025; outstanding shares reduced from ~3.15M to ~5,000.
• Company plans to deregister under Section 12(g) and suspend reporting by filing Form 15 shortly after effective time.
• Board delays proposed name change to Leafly.com Holdings, Inc. for approximately six months.
• Compensation committee accelerated 11,258 unvested RSUs and 930 unvested options (value ~$2,252) to reduce administrative costs.
• Series A Preferred Stock automatically redeemed upon stockholder approval of reverse split.