Core Viewpoint - Traeger, Inc. announced a 1-for-50 reverse stock split to increase the per-share trading price, broaden institutional investor appeal, and support continued listing on the NYSE [1] Group 1: Reverse Stock Split Details - The reverse stock split will combine every 50 shares of common stock into one share, effective at 5:00 p.m. Eastern Time on March 17, 2026 [1] - The new trading of the common stock on a post-split basis will begin on March 18, 2026, under the same symbol "COOK" with a new CUSIP number [1] - The reverse stock split aims to comply with the NYSE's minimum share price requirement and is expected to enhance trading liquidity and reduce stock price volatility [1] Group 2: Impact on Shareholders - All stockholders will be affected uniformly, and no fractional shares will be issued; instead, cash payments will be made for any fractional shares [1] - Stockholders will not lose their percentage ownership in the company, except for adjustments due to fractional shares [1] - Outstanding equity awards will be proportionately adjusted to reflect the reverse stock split [1] Group 3: Financial Performance Context - Traeger reported a 13.8% decrease in total revenues to $145.4 million for the fourth quarter of 2025, with grill revenues down 22.3% to $60.6 million [2] - The company experienced a net loss of $17.2 million compared to a loss of $7.0 million in the prior year [2] - Adjusted EBITDA for the fourth quarter was $19.4 million, an increase from $18.4 million in the previous year [2]