Drive Shack, Inc. announced a reverse stock split of its common stock and plans to change its corporate name to Golf Entertainment Group, Inc.
The reverse split will occur at a ratio of one post-split share for every 100 pre-split shares. The reverse stock split was approved by the company’s stockholders at a special meeting held on October 30, 2025. The split is expected to become effective at the beginning of trading on Monday, December 8, 2025.
Also effective at the beginning of trading on December 8, the company’s common stock will begin trading under the temporary ticker symbol “DSHKD” for a period of 20 business days, after which the ticker symbol will change to “GLFE” to mark the change of its corporate name to Golf Entertainment Group, Inc.
Also, effective December 8, the ticker symbol for the company’s Series B Preferred Stock will change from “DSHKP” to “GLFEP,” the ticker symbol for the company’s Series C Preferred Stock will change from “DSHKO” to “GLFEO,” and the ticker symbol for the company’s Series D Preferred Stock will change from “DSHKN” to “GLFEN.”
Golf Entertainment Group, Inc., formerly known as Drive Shack Inc., oversees a diverse portfolio of 42 golf courses and country clubs nationwide. It also operates four Drive Shack golf entertainment venues across Florida, North Carolina and Virginia, as well as 13 Puttery mini golf venues in 10 major U.S. markets.
Image courtesy Drive Shack
