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

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Janover Inc. (JNVR) has announced a 1-for-8 reverse stock split effective December 30, 2024, as part of its strategy to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The split will reduce outstanding common shares from approximately 11,313,644 to 1,414,206, with no change in par value of $0.00001 per share. The company will continue trading under the symbol 'JNVR' with a new CUSIP number 47100L 301. Stockholders will receive information about their updated share ownership from Colonial Stock Transfer Company, with fractional shares being rounded up at the participant level.

Janover Inc. (JNVR) ha annunciato un raggruppamento azionario 1 per 8 che entrerà in vigore il 30 dicembre 2024, come parte della sua strategia per riconquistare la conformità con il requisito di prezzo minimo di offerta di $1,00 di Nasdaq. Il raggruppamento ridurrà le azioni ordinarie in circolazione da circa 11.313.644 a 1.414.206, senza modificare il valore nominale di $0,00001 per azione. La società continuerà a essere quotata con il simbolo 'JNVR' e un nuovo numero CUSIP 47100L 301. Gli azionisti riceveranno informazioni riguardo alla loro nuova proprietà azionaria dalla Colonial Stock Transfer Company, con le frazioni di azione che verranno arrotondate a livello di partecipante.

Janover Inc. (JNVR) ha anunciado un split inverso de acciones 1 por 8 que entrará en efecto el 30 de diciembre de 2024, como parte de su estrategia para recuperar la conformidad con el requisito de precio mínimo de oferta de $1.00 de Nasdaq. La división reducirá las acciones comunes en circulación de aproximadamente 11,313,644 a 1,414,206, sin cambio en el valor nominal de $0.00001 por acción. La compañía continuará cotizando bajo el símbolo 'JNVR' con un nuevo número CUSIP 47100L 301. Los accionistas recibirán información sobre su propiedad accionaria actualizada de Colonial Stock Transfer Company, con las acciones fraccionarias redondeadas a nivel de participante.

Janover Inc. (JNVR)1대 8 액면병합을 2024년 12월 30일부터 시행한다고 발표했습니다. 이는 Nasdaq의 최소 입찰 가격 요건인 $1.00을 충족시키기 위한 전략의 일환입니다. 이번 병합으로 미결제 보통주 수가 약 11,313,644주에서 1,414,206주로 줄어들며, 주당 액면가는 $0.00001로 변경되지 않습니다. 회사는 'JNVR' 심볼로 거래를 계속하며 새로운 CUSIP 번호는 47100L 301입니다. 주주들은 Colonial Stock Transfer Company로부터 업데이트된 주식 소유권 정보를 받게 되며, 분할 주식은 참가자 수준에서 반올림됩니다.

Janover Inc. (JNVR) a annoncé un rachat d'actions 1 pour 8 qui prendra effet le 30 décembre 2024, dans le cadre de sa stratégie visant à retrouver la conformité avec l'exigence de prix minimal d'offre de $1,00 de Nasdaq. Le rachat réduira le nombre d'actions ordinaires en circulation d'environ 11 313 644 à 1 414 206, sans changement de la valeur nominale de $0,00001 par action. La société continuera à négocier sous le symbole 'JNVR' avec un nouveau numéro CUSIP 47100L 301. Les actionnaires recevront des informations sur leur propriété d'actions mise à jour de la part de Colonial Stock Transfer Company, les actions fractionnées étant arrondies au niveau des participants.

Janover Inc. (JNVR) hat einen 1-zu-8 Reverse-Split angekündigt, der am 30. Dezember 2024 in Kraft tritt. Dies ist Teil seiner Strategie, um die Mindestanforderung für den Angebotspreis von $1,00 an der Nasdaq wieder zu erfüllen. Der Split wird die ausstehenden Stammaktien von etwa 11.313.644 auf 1.414.206 reduzieren, ohne dass sich der Nennwert von $0,00001 pro Aktie ändert. Das Unternehmen wird weiterhin unter dem Symbol 'JNVR' mit einer neuen CUSIP-Nummer 47100L 301 gehandelt. Die Aktionäre erhalten Informationen über ihren aktualisierten Aktienbesitz von der Colonial Stock Transfer Company, wobei Bruchstücke auf Teilnehmerniveau gerundet werden.

Positive
  • Strategic move to maintain Nasdaq listing compliance
  • No loss of value for fractional shares (rounded up)
Negative
  • Indicates struggle to maintain minimum share price requirement
  • Reduction in total shares could potentially affect stock liquidity

Insights

The 1-for-8 reverse stock split is a critical corporate action aimed at artificially boosting JNVR's share price to maintain Nasdaq listing compliance. With the current float of approximately 11.3 million shares being reduced to 1.4 million shares, this consolidation will mathematically multiply the stock price by 8, though the company's market capitalization remains unchanged. For a micro-cap stock with a market cap of just $6.7 million, maintaining Nasdaq listing is important for liquidity and institutional investor access.

This move is typically viewed as a red flag by the market, as it indicates the company has been unable to naturally maintain the $1 minimum bid requirement. The reduction in outstanding shares could potentially increase volatility due to the lower float. While the split doesn't fundamentally change JNVR's business prospects or valuation, historical patterns show that companies executing reverse splits often experience continued downward pressure post-split as it signals underlying financial challenges.

For retail investors: Imagine having 800 shares worth $0.50 each ($400 total). After the split, you'll have 100 shares worth $4 each (still $400 total). While your ownership percentage remains the same, the higher nominal price might attract more institutional investors who have minimum price requirements for investments.

Boca Raton, FL, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq:  JNVR) (“Janover” or the “Company”), an AI-enabled platform connecting the commercial real estate industry, today announced that it will effect a 1-for-8 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on Monday, December 30, 2024, and the Company’s common stock will commence trading on the Nasdaq Capital Market (“Nasdaq”) on a post-split basis at the opening of the market on December 30, 2024, pending confirmation by the Depository Trust Company and the Nasdaq. The Company’s common stock will continue to trade on the Nasdaq under the Company’s existing trading symbol, “JNVR,” and a new CUSIP number 47100L 301 has been assigned as a result of the reverse stock split.

The Company expects that the reverse stock split, which was approved by the Company’s stockholders on November 27, 2024, will increase the price per share of the Company’s common stock, and is part of the Company’s strategy to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq.

At the effective time of the reverse stock split, each eight (8) shares of the Company’s issued and outstanding common stock will be automatically converted into one (1) issued and outstanding share of common stock without any change in the par value of $0.00001 per share or the total number of authorized shares. The reverse stock split will reduce the Company’s number of common shares outstanding, as of December 30, 2024, from approximately 11,313,644 shares to approximately 1,414,206 shares. No fractional shares of common stock will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to receive a fractional share will be rounded up at a participant level in lieu thereof.

Stockholders of record will receive information regarding their share ownership following the reverse stock split from the Company's transfer agent, Colonial Stock Transfer Company, Inc. (“Colonial”). The address for Colonial is 7840 S 700 E, Sandy, Utah 84070, and Colonial can be reached at (801) 355-5740. Additional information about the reverse stock split can be found in the Company's definitive proxy statement on Schedule 14A, filed with the U.S. Securities and Exchange Commission (the "SEC") on December 9, 2024, and available free of charge at the SEC's website www.sec.gov, and on the Company’s Investor Relations website at https://ir.janover.co/filings.

About Janover Inc.

Janover is an AI-enabled platform that connects the commercial real estate industry. The company serves over one million annual web users and 1,000+ lenders, including more than 10% of U.S. banks in America, providing debt capital markets services, real estate syndication software, data and AI licensing, and insurance brokerage solutions to entrepreneurial multifamily and commercial real estate owners, developers and professionals. Janover operates through its Debt, Equity, and Insurance divisions, focusing on delivering needed technology-first solutions to commercial real estate professionals. Additional information about the Company is available at: https://janover.co/.

To view the latest investor presentation, please visit https://ir.janover.co/.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) the effect of and uncertainties related the ongoing volatility in interest rates; (ii) our ability to achieve and maintain profitability in the future; (iii) the impact on our business of the regulatory environment and complexities with compliance related to such environment; (iv) our ability to respond to general economic conditions; (v) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (vi) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth  and other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company’s Registration Statement on Form S-1 related to the public offering (SEC File No. File No. 333-267907) and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Company Contact:
Bruce S. Rosenbloom, CFO
Telephone: (561) 782-2788
Email: IR@janover.co 



FAQ

What is the ratio of Janover's (JNVR) reverse stock split announced in December 2024?

Janover announced a 1-for-8 reverse stock split, meaning every 8 shares will be converted into 1 share.

When will JNVR's reverse stock split take effect?

The reverse stock split will become effective at 12:01 a.m. Eastern Time on Monday, December 30, 2024.

How many shares will JNVR have outstanding after the reverse split?

After the reverse split, JNVR's outstanding shares will reduce from approximately 11,313,644 to 1,414,206 shares.

Why is Janover (JNVR) implementing a reverse stock split?

Janover is implementing the reverse split to regain compliance with Nasdaq's $1.00 minimum bid price requirement.

What happens to fractional shares in JNVR's reverse stock split?

Fractional shares will be rounded up at the participant level, meaning stockholders will not lose value due to fractional shares.

Janover Inc.

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