GlobeNewswire·May 28, 2026, 10:15 AM ET

Presurance Holdings, Inc. Announces 1-for-7 Reverse Stock Split

Presurance Holdings, Inc. announced a 1-for-7 reverse stock split of its common stock effective at 5:00 p.m. Eastern Time on June 1, 2026.
Trading on the Nasdaq Capital Market will commence on a split-adjusted basis on June 2, 2026, under the symbol "PRHI".
The Board of Directors approved the 1-for-7 ratio after stockholders previously authorized a range between 1-for-2 and 1-for-12 to comply with Nasdaq listing requirements.
The split will reduce outstanding shares from approximately 26.2 million to approximately 3.7 million while keeping authorized shares at 100 million.
Outstanding restricted stock units, stock options, and warrants will be adjusted proportionally, with conversion and exercise prices increasing proportionately.
Fractional shares resulting from the split will be rounded down to the next whole share, with cash paid to stockholders for the fractional portion based on the closing price on the last trading day before effectiveness.
The new CUSIP number for the common stock following the split is 20731J 409.
The par value per share and the authorized number of shares will remain unchanged.