BARK, Inc. effected a 1-for-20 reverse stock split of its common stock on April 1, 2026, following stockholder approval and Board authorization, with proportional adjustments to equity plans and warrants.
Key takeaways
The company executed a 1-for-20 reverse stock split effective April 1, 2026, reducing the number of outstanding shares.
Stockholders approved a reverse stock split ratio range of 1:2 to 1:30 at the annual meeting on March 25, 2026, with the Board selecting the specific 1:20 ratio.
The number of shares available under the 2011 Plan, 2021 Plan, and 2021 ESPP, and outstanding awards under these plans, were proportionately decreased and adjusted.
Outstanding warrants to purchase common stock were proportionately adjusted in accordance with their agreements, affecting shares purchasable and exercise prices.
No fractional shares were issued; fractional share entitlements were rounded down to the nearest whole share, with cash payments in lieu.
The authorized shares of common stock remained at 500 million shares, and trading on the NYSE continued under the symbol 'BARK' on a split-adjusted basis.