System1, Inc.
For the period ended Jun 11, 2025. Filed Jun 11, 2025.
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Jun 11, 2025 · Filed Jun 11, 2025
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EX-99.1 · Reverse Stock Split Implementation
Reverse Stock Split Implementation
As a result of the Reverse Stock Split, every 10 shares of Common Stock outstanding and held of record by each stockholder of the Company, including treasury shares, were reclassified into one (1) new share of Common Stock. The Reverse Stock Split reduced the number of issued and outstanding shares of the Company’s Class A Common Stock from 79.8 million to 7.98 million and the number of issued and outstanding shares of the Company’s Class C Common Stock from 18.7 million to 1.87 million.
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