System1 (SST) executes 1-for-10 reverse stock split to regain NYSE compliance

System1, Inc.

Reverse split effective June 11, 2025; shares begin trading split-adjusted June 12 under symbol SST.
Class A shares reduced from 79.8M to 7.98M; Class C from 18.7M to 1.87M; par value unchanged.
Warrants adjusted: every 10 warrants now exercisable for 1 share of Class A at $115.00 per share.
No fractional shares issued; fractional holders will receive cash; proportional voting unchanged.

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