Corporate Reverse Stock Splits Take Effect on August 29, 2025

NEW YORK, Aug. 29, 2025 - Several U.S.-listed companies implemented reverse stock splits today in an effort to bolster share prices, improve market liquidity, and attract institutional investors.

Lucid Group, Inc. (NASDAQ: LCID) executed a 1-for-10 reverse stock split at 5:00 p.m. Eastern Time, reducing its outstanding shares from approximately 3.07 billion to roughly 307.3 million and lowering authorized shares from 15 billion to 1.5 billion. The company’s common stock is set to trade on a split-adjusted basis under the symbol “LCID” when markets open on September 2, 2025.

SEGG Media Corporation (NASDAQ: SEGG) effected a 1-for-10 reverse stock split at the opening of trading, consolidating every ten pre-split shares into one post-split share. Approved by shareholders in February, this move aims to enhance institutional and algorithmic access, strengthen market structure, and mitigate manipulation risks, underpinned by $450 million in committed growth capital.

FiscalNote Holdings, Inc. (NYSE: NOTE) implemented a 1-for-12 reverse stock split at 4:30 p.m. Eastern Time. The split reclassified every twelve issued shares into one share without altering authorized shares or par value. Post-split, Class A common stock will open on a split-adjusted basis on September 2, 2025, under “NOTE,” following the new CUSIP 337655 302.