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Brag House Holdings, Inc. (NASDAQ: TBH) Announces 1-for-8 Reverse Stock Split
Brag House Holdings, Inc. (NASDAQ: TBH) Announces 1-for-8 Reverse Stock
About this update from Brag House Holdings, Inc.
[{"type":"text","content":"NEW YORK, May 28, 2026 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (NASDAQ: TBH), (\"Brag House\" or the \"Company\"), the next generation engagement platform operating at the intersection of gaming, college sports, and digital media, today announced that it will effect a 1-for-8 reverse stock split of its outstanding shares of common stock. The reverse stock split will become effective at 5:30am ET on June 1, 2026. The common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market (“Nasdaq”) under the same symbol “TBH” when the market opens on June 1, 2026, with the new CUSIP number 104813308. The reverse stock split was approved by the Company’s stockholders at the Company’s special meeting of its stockholders, held on April 7, 2026. The reverse stock split is intended to increase the per share trading price of the Company’s common stock to satisfy the $1.00 minimum bid price requirement for continued listing on Nasdaq. The reverse stock split will reduce the number of outstanding shares of the Company’s common stock from 27,069,563 shares pre-reverse split to approximately 3,383,695 shares post-reverse split. The number of authorized shares of common stock and the par value per share will remain unchanged. As a result of the reverse stock split, every eight shares of the Company’s pre-reverse split common stock will be combined and reclassified into one share of common stock, as applicable. Proportionate voting rights and other rights of holders of the Company’s common stock will not be affected by the reverse stock split. Holders of fractional shares of common stock will be paid cash in lieu of shares. All equity awards outstanding and common stock reserved for issuance under the Company’s equity incentive plans and warrants outstanding immediately prior to the reverse stock split will be appropriately adjusted by dividing the number of affected shares of common stock by eight and, as applicable, multiplying the exercise price by eight, as a result of the reverse stock split. The Company’s transfer agent, VStock Transfer, LLC, is acting as exchange agent for the reverse stock split and will send instructions to stockholders of record regarding the exchange of certificates for common stock for uncertificated shares of common stock. Stockholders owning shares via a broker or other nominee wi...