SelectQuote Sets November 10 Vote on 1-for-10 to 1-for-20 Reverse Split to Avoid NYSE Delisting
SLQT is trading near its 52-week low of $0.458 (0.9% above the low).
Summary
SelectQuote is asking shareholders to approve a 1-for-10 to 1-for-20 reverse stock split at its November 10 annual meeting to regain NYSE compliance after receiving a delisting notice in March 2026.
Key Events · Corporate Governance and Compliance · SLQT
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Reverse Split Vote Set for November 10
Shareholders will vote on a reverse stock split at a ratio between 1-for-10 and 1-for-20, with the board choosing the final ratio. The stock trades at $0.46, below the NYSE's $1.00 minimum.
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NYSE Delisting Pressure
The company received a delisting notice on March 19, 2026, and the six-month cure period expires in mid-September 2026. The company notified NYSE on August 21, 2026 of its intent to seek stockholder approval for a reverse split.
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Authorized Share Reduction
The reverse split would also cut authorized common shares from 700 million to 70 million (1:10) or 35 million (1:20), reducing future dilution headroom.
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Board Discretion to Abandon
Even if shareholders approve, the board can choose not to implement the reverse split if it determines it is no longer in the company's best interests.
Analysis · SLQT · Finance
SelectQuote is asking shareholders to approve a reverse stock split at a ratio between 1-for-10 and 1-for-20, with the board choosing the final ratio later. The stock trades at $0.46, well below the NYSE's $1.00 minimum, and the company received a delisting notice on March 19, 2026. The six-month cure period expires in mid-September 2026, making this vote urgent. The reverse split would also cut authorized shares from 700 million to 70 million or 35 million, reducing future dilution headroom. If shareholders reject the proposal, the company faces delisting to the OTC market, which would likely reduce liquidity and institutional ownership further.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SLQT was trading at $0.46 on NYSE in the Finance sector, with a market capitalization of approximately $82.5M. The 52-week trading range was $0.46 to $2.22. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.