Vacasa announces 1-for-20 reverse stock split

Vacasa “announced that its board of directors has approved a reverse stock split of its Class A Common Stock, Class B Common Stock, and Class G Common Stock at a ratio of 1-for-20. Stockholders approved a proposal to allow the board of directors, in its discretion, to effect a reverse stock split at the Annual Meeting of Stockholders held on May 23, 2023. The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Global Select Market. The reverse stock split is expected to become effective on October 2, 2023.”