Caliber Announces Reverse Stock Split Effective May 2, 2025

Core Viewpoint - Caliber will implement a 1-for-20 reverse stock split of its Class A and Class B common stock effective May 2, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert twenty current shares into one issued and outstanding share, without changing the par value or the authorized number of shares [4] - Approximately 18,574,292 shares of Class A Common Stock and 7,416,414 shares of Class B Common Stock will be reduced to approximately 928,715 shares of Class A and 370,821 shares of Class B after the split [5] - No fractional shares will be issued; all fractional shares will be rounded up to the nearest whole share [5] Group 2: Stockholder Information - Registered stockholders holding pre-split shares electronically will not need to take action to receive post-split shares, while those holding shares via brokers will have their positions automatically adjusted [6] - The reverse stock split was approved by stockholders at a special meeting on April 21, 2025, with the board of directors deciding on the 1-for-20 ratio [3] Group 3: Company Overview - Caliber manages over $2.9 billion in assets and specializes in hospitality, multi-family residential, and multi-tenant industrial sectors [7] - The company aims to generate returns in all market conditions and focuses on investment opportunities often overlooked by global real estate institutions [7]