other_material
confidence high
sentiment neutral
materiality 0.60
Leslie's executes 1-for-20 reverse stock split; shares outstanding drop to ~9.3M
Leslie's, Inc.
- Reverse stock split effective Sept 26, 2025; adjusted trading begins Sept 29 on Nasdaq under LESL.
- Each 20 pre-split shares combined into 1 share; outstanding shares reduced to approx 9,289,790.
- Authorized shares reduced to 50,000,000; par value unchanged at $0.001 per share.
- No fractional shares issued; aggregated fractional shares sold and proceeds distributed pro rata.
- Equity awards under 2020 Omnibus Incentive Plan proportionately adjusted for split.
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