CaliberCos announces 1-for-20 reverse stock split

Caliber announced that it will effect a 1-for-20 reverse stock split of its Class A common stock, par value $0.001 per share and Class B common stock, par value $0.001 per share, that will become effective on May 2, 2025, at 12:01 a.m. Eastern Time. The Class A Common Stock will continue to trade on The Nasdaq Capital Market under the existing symbol CWD and will begin trading on a split-adjusted basis when the market opens on May 2, 2025. The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.