other material
confidence high
sentiment neutral
materiality 0.50
Cloudastructure announces 1-for-30 reverse stock split effective July 31, 2026 to meet Nasdaq bid price rule
CLOUDASTRUCTURE, INC.
- Reverse stock split at 1-for-30 ratio, effective 12:01 a.m. ET on July 31, 2026.
- No fractional shares issued; any fractional shares rounded up to nearest whole share.
- Authorized capital reduced proportionately: Class A from 250M to ~8.33M shares, Class B from 100M to ~3.33M, preferred from 150M to 5M.
- Series 2 Convertible Preferred Stock amended to add standard antidilution provision for recapitalizations.
- Split intended to regain compliance with Nasdaq $1.00 minimum bid price requirement (Rule 5550(a)(2)).