Solo Brands Inc. implemented a 1-for-40 reverse stock split of its common stock to restore compliance with the New York Stock Exchange listing standards.
The move follows Solo Brands’ appeal against a delisting decision announced on May 6, 2025. The move follows approval by shareholders at the company’s annual meeting on May 23, 2025, and subsequent approval by the board of directors.
The stock began being quoted on the OTC Pink Market on a split-adjusted basis starting July 9, 2025. Stockholders entitled to fractional shares will receive cash payments instead.
Solo Brands’ portfolio includes Solo Stove and TerraFlame, known for firepits, stoves, and accessories; Chubbies, a casual apparel and activewear brand; ISLE, maker of inflatable and hard paddle boards and accessories; and Oru Kayak, a maker of origami folding kayaks.
