System1 announces 1-for-10 reverse stock split to meet NYSE listing requirement

System1, Inc.

1-for-10 reverse stock split effective June 11, 2025 at 5pm ET; split-adjusted shares begin trading June 12 on NYSE under SST.
Shareholders approved 2022 Incentive Plan amendment adding 19,125,000 new award shares and SARs plan repricing.
Ryan Caswell, John Civantos, Tanmay Kumar elected as Class III directors for three-year terms.
Proposal to authorize reverse split passed with 71,875,342 votes for (99.8% of votes cast).
Warrants adjusted: every 10 warrants now exercisable for 1 share of Class A common at $115.00 per share.

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