FuboTV Finalizes 1-for-12 Reverse Stock Split, Authorizes 7.05 Billion Shares
FUBO is trading near its 52-week low of $1.015 (8.4% above the low).
Summary
FuboTV Inc. filed an amendment to its Certificate of Incorporation to effect a 1-for-12 reverse stock split and significantly increase its authorized share count to 7.05 billion shares.
Key Events · Corporate Governance and Compliance · FUBO
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Reverse Stock Split Finalized
The company filed a Certificate of Amendment to its Certificate of Incorporation to effect a 1-for-12 reverse stock split, making it effective on March 23, 2026. Trading on a split-adjusted basis is expected to begin on March 24, 2026.
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Massive Increase in Authorized Shares
The amendment also updated the total authorized capital stock to 7,050,000,000 shares, consisting of 5,000,000,000 Class A common stock, 2,000,000,000 Class B common stock, and 50,000,000 preferred stock. This represents a significant potential for future dilution.
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Cash for Fractional Shares
No fractional shares will be issued as a result of the reverse stock split; instead, holders will receive a cash payment based on the closing price on the effective date.
Analysis · FUBO · Trade & Services
FuboTV Inc. has formally implemented its previously announced 1-for-12 reverse stock split by filing the Certificate of Amendment. This action, effective March 23, 2026, is a critical step often taken by companies with low stock prices to meet exchange listing requirements or improve market perception. While the approval was disclosed earlier, this filing marks the definitive execution of the split. Concurrently, the company's Certificate of Incorporation was amended to authorize a total of 7.05 billion shares (5 billion Class A, 2 billion Class B, 50 million Preferred). This extremely high number of authorized shares, even post-split, creates a substantial potential for future dilution, which could weigh heavily on the stock price.
At the time of this filing, FUBO was trading at $1.10 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $1.02 to $4.72. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.