Upland Software Approves 1-for-10 Reverse Stock Split to Maintain Nasdaq Listing, Expands Equity Plan
UPLD sits 55% above its 52-week low of $0.496 on light trading volume (0.4× avg).
Summary
Upland Software shareholders approved a 1-for-10 reverse stock split to maintain its Nasdaq listing and authorized an additional 2,000,000 shares for its equity incentive plan.
Key Events · Corporate Governance and Compliance · UPLD
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Reverse Stock Split Approved and Filed
Stockholders approved a 1-for-10 reverse stock split, with the Certificate of Amendment filed on June 3, 2026. The split will become effective at 12:01 AM ET on June 17, 2026, to address the Nasdaq minimum bid price requirement.
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Equity Incentive Plan Expanded
Shareholders approved an amendment to the 2024 Omnibus Incentive Plan, increasing the number of shares reserved for issuance by 2,000,000, raising the total to 5,200,000 shares. This represents approximately 6.8% potential dilution based on current outstanding shares.
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Annual Meeting Results
All proposals presented at the Annual Meeting on June 3, 2026, were approved, including the election of a Class III director, ratification of KPMG LLP as auditor, and advisory approval of executive compensation.
Analysis · UPLD · Technology
Upland Software's stockholders approved a 1-for-10 reverse stock split, a critical step to regain compliance with Nasdaq's minimum bid price requirement and avoid delisting. The split is scheduled to become effective on June 17, 2026. Additionally, shareholders approved an increase of 2,000,000 shares to the 2024 Omnibus Incentive Plan, which represents significant potential future dilution for existing shareholders.
At the time of this filing, UPLD was trading at $0.77 on NASDAQ in the Technology sector, with a market capitalization of approximately $24.4M. The 52-week trading range was $0.50 to $3.91. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.