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 $0.38 (6.8% above the low).
Summary
SelectQuote's definitive proxy sets a November 10 vote on a 1-for-10 to 1-for-20 reverse stock split to cure an NYSE delisting notice. The split would reduce outstanding shares from 179.3 million to between 8.96 million and 17.93 million.
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 having discretion to choose the exact ratio and implement it as soon as the business day after the meeting.
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NYSE Delisting Notice Disclosed
The NYSE notified SelectQuote on March 19, 2026, that its average closing price fell below $1.00 for 30 consecutive trading days. The company has a six-month cure period and notified the NYSE on August 21, 2026 of its intent to seek stockholder approval for a reverse split.
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Share Count Reduction Details
Pre-split: 179,261,801 shares outstanding and 700,000,000 authorized. Post-split at 1:10: 17,926,180 outstanding and 70,000,000 authorized. Post-split at 1:20: 8,963,090 outstanding and 35,000,000 authorized.
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Authorized Share Reduction Included
The proposal also reduces authorized shares by the same ratio as the reverse split, from 700 million to 70 million (1:10) or 35 million (1:20), limiting future dilution headroom.
Analysis · SLQT · Finance
SelectQuote's definitive proxy statement confirms the November 10 annual meeting where shareholders will vote on a reverse stock split ranging from 1-for-10 to 1-for-20. The company received an NYSE delisting notice on March 19, 2026, because its average closing price fell below $1.00 for 30 consecutive trading days. The reverse split is designed to lift the share price above $1.00 to regain compliance. With 179.3 million shares outstanding and the stock trading at $0.41, the split would reduce the share count to between 8.96 million and 17.93 million shares, mechanically raising the per-share price. The board has discretion to implement the split immediately after the meeting if approved.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1009 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. 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 $0.41 on NYSE in the Finance sector, with a market capitalization of approximately $72.6M. The 52-week trading range was $0.38 to $2.22. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.