other material
confidence high
sentiment neutral
materiality 0.70
Presurance Holdings announces 1-for-7 reverse stock split to meet Nasdaq listing requirements
Presurance Holdings, Inc.
- Board approved 1-for-7 reverse stock split on May 11, 2026, effective June 1, 2026 at 5:00 p.m. ET.
- Outstanding shares will reduce from ~26.2 million to ~3.7 million; authorized shares remain 100 million.
- Stockholders approved the reverse split range (1-for-2 to 1-for-12) at the June 3, 2025 annual meeting.
- Fractional shares will be rounded down and stockholders paid cash based on Nasdaq closing price.
- Common stock continues trading under symbol PRHI; new CUSIP is 20731J 409.