SelectQuote Announces 1-for-20 Reverse Stock Split
SelectQuote (SLQT) has officially initiated a 1-for-20 reverse stock split of its common stock. This corporate action is designed to consolidate the company's outstanding shares, reducing the total share count while proportionally increasing the price per share. The reverse split is scheduled to take effect at 11:59 p.m. Eastern Time on November 16, 2026. Such maneuvers are often utilized by companies to maintain compliance with exchange listing requirements or to improve stock perception in the market.
Tickers: $SLQT