other material
confidence high
sentiment neutral
materiality 0.70
Janover Inc. effects 1-for-8 reverse stock split to regain Nasdaq minimum bid price compliance
DeFi Development Corp.
- Effective Dec 30, 2024; every 8 shares of common stock combined into 1; ticker JNVR unchanged.
- Outstanding shares reduced from ~11.3M to ~1.4M; fractional shares rounded up to whole share.
- Reverse split intended to meet Nasdaq $1.00 minimum bid price requirement for continued listing.
- Proportional adjustments made to warrants, options, and convertible securities.
- Stockholders holding through brokers need no action; record holders get info from transfer agent Colonial.