HG Holdings completes 1-for-12 reverse stock split effective July 15, 2021

HG Holdings, Inc.

Reverse split ratio: 1-for-12; effective as of July 15, 2021.
Post-split trading begins July 21 on OTCQB under symbol STLYD; reverts to STLY after 20 business days.
No fractional shares issued; cash paid at $0.70 per share (90-day VWAP adjusted for split).
CUSIP changes to 42834P207.
Amendment to Restated Certificate of Incorporation filed as Exhibit 3.1.

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