other material
confidence high
sentiment neutral
materiality 0.65
Kidz AI announces 1-for-10 reverse stock split to regain Nasdaq $1.00 bid compliance
Classover Holdings, Inc.
- Reverse split at 1-for-10 ratio effective June 8, 2026; Class B stock continues under ticker "KIDZ".
- Pre-split Class B outstanding: 11,134,459; post-split: 1,113,446. Authorized shares reduced from 40M to 4M (Class B) and 1M to 100k (Class A).
- Purpose: to bring bid price above $1.00 minimum bid requirement for continued Nasdaq listing.
- No fractional shares issued; any fractional interest rounded up to full share.
- Board approved May 26, 2026; charter amendment filed June 4, effective June 8.