Presurance Holdings, Inc. 8-K

What Happened

• Presurance Holdings, Inc. (PRHI) filed an 8‑K to report a Board‑approved 1-for-7 reverse stock split of its common stock, effective 5:00 p.m. Eastern Time on June 1, 2026. The Common Stock is expected to begin trading on a split‑adjusted basis when Nasdaq opens on June 2, 2026.
• The Company filed a Certificate of Amendment with the Michigan Secretary of State on May 28, 2026 to effect the Reverse Stock Split. The Board had approved the 1-for-7 split on May 11, 2026 after stockholders authorized a reverse split in the 1-for-2 to 1-for-12 range at the June 3, 2025 annual meeting.

Key Details

• Outstanding shares will be reduced from ~26.2 million to ~3.7 million; authorized shares remain 100 million.
• Fractional shares resulting from the split will be rounded down; holders will receive cash equal to the fractional share times the closing Nasdaq price on the last trading day before the split (split‑adjusted).
• Per‑share exercise prices and the number of shares issuable under outstanding stock options, restricted stock units and warrants will be proportionately adjusted.
• Common stock will continue trading under the ticker "PRHI"; new post‑split CUSIP reported as 20731J 409. Equiniti Trust Company, LLC will act as exchange agent. A press release announcing the filing was issued May 28, 2026.

Why It Matters

• The reverse split reduces the share count and raises the per‑share price, a common step to help meet Nasdaq continued listing requirements. It does not change the number of authorized shares or underlying ownership percentages (except for rounding cash-outs of fractional shares).
• Investors should expect adjusted per‑share metrics (EPS, book value per share, market price) and corresponding adjustments to equity awards and option exercise terms; trading volume and float will reflect the lower outstanding share count beginning June 2, 2026.