FuboTV Inc. 8-K

What Happened
FuboTV Inc. announced that its board approved a 1-for-12 reverse stock split, expected to be effective at 5:00 p.m. ET on March 23, 2026. The company's Class A common stock is expected to begin trading on a split-adjusted basis at market open on March 24, 2026 under the existing symbol “FUBO” and a new CUSIP (35953D401). Hulu, LLC previously delivered written consent approving the reverse split.

Key Details

• Reverse ratio: 1-for-12 (every 12 shares reclassified into 1 share).
• Post-split share counts (approx.): Class A from ~353.2 million to ~29.4 million; Class B from ~947.9 million to ~79.0 million.
• No fractional shares will be issued; holders entitled to fractions will receive cash-in-lieu based on NYSE closing price on March 23, 2026, adjusted for the split.
• Proportionate adjustments will be made to exercise/conversion prices and share counts for outstanding equity awards, convertible notes, and shares available under incentive plans.

Why It Matters
A reverse split reduces the number of outstanding shares, which can raise the per‑share price and may affect liquidity, index/institutional eligibility, and perceptions of marketability. Investors should note the change in share counts, the new CUSIP, the cash treatment for fractional shares, and adjustments to equity awards and convertible instruments. The filing also notes customary forward‑looking statement cautions and references the company’s SEC filings for related risk factors.