Janover Announces 1-for-8 Reverse Stock Split as Part of Nasdaq Compliance Plan

Core Viewpoint - Janover Inc. will implement a 1-for-8 reverse stock split to increase its share price and comply with Nasdaq's minimum bid price requirement of $1.00 [1][5]. Company Overview - Janover Inc. is an AI-enabled platform that connects the commercial real estate industry, serving over one million annual web users and more than 1,000 lenders, including over 10% of U.S. banks [10]. Reverse Stock Split Details - The reverse stock split will take effect on December 30, 2024, at 12:01 a.m. Eastern Time, with trading on a post-split basis commencing the same day [5]. - Each eight shares of common stock will convert into one share, reducing the total number of shares outstanding from approximately 11,313,644 to about 1,414,206 [9]. - No fractional shares will be issued; stockholders entitled to a fractional share will have their shares rounded up [9]. Compliance and Regulatory Information - The reverse stock split is part of the company's strategy to regain compliance with Nasdaq's listing requirements [1]. - Stockholders will receive information regarding their share ownership from Colonial Stock Transfer Company, the company's transfer agent [6].