FuboTV Finalizes 1-for-12 Reverse Stock Split, Authorizes 7.05 Billion Shares

summarizeSummary

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.

check_boxKey Events

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.