Hycroft Mining announces 1-for-10 reverse stock split

Hycroft Mining will undertake a Reverse Stock Split of its Class A Common Stock at a ratio of 1-for-10. The Reverse Stock Split is expected to become effective immediately after the close of trading on Nasdaq on November 14 and the Common Stock is expected to begin trading on the Nasdaq on a Reverse Stock Split-adjusted basis on November 15 under the new CUSIP number 44862P208. Stockholder approval for the Reverse Stock Split was obtained at the company’s annual meeting of stockholders on May 24. The company believes maintaining its Nasdaq listing will situate Hycroft more favorably and potentially attract a broader group of institutional and retail investors.