Guerrilla RF (GUER) Announces 1:6 Reverse Stock Split

Guerrilla RF, Inc. (OTCQX: GUER), a leading provider of state-of-the-art radio frequency (RF) and microwave communications solutions, announced that it will implement a one-for-six reverse split of its outstanding and authorized common stock, effective at 12:01 a.m. (EDT) on April 17, 2023. Guerrilla RF’s common stock will continue trading under the temporary symbol “GUERD” on a reverse stock-split-adjusted basis on the OTCQX when the market opens on April 17, 2023.

The reverse stock split was approved by the Company’s board of directors and shareholders on April 5, 2023, for the purpose of filing an application to uplist Guerrilla RF’s common stock to a national exchange. The reverse stock split is intended to fulfill the stock price requirements for initial listing on a national exchange.

“We believe that uplisting to a national securities exchange will allow us greater access to capital, better liquidity, and more visibility for our brand as we embark on the next phase of our commercialization strategy. This coincides with our focus on expanding the depth and breadth of our product pipeline and moving into the highly lucrative industry verticals — 5G, automotive connectivity, cellular boosters and DAS, military radios, and wireless audio. This is an important step in our previously announced capital markets strategy to increase the liquidity and visibility of Guerrilla RF’s common stock and better serve our shareholders,” said Sam Funchess, Vice President of Investor Relations at Guerrilla RF.

On the effective date of the reverse split, every six shares of issued and outstanding common stock will become one share of newly issued and outstanding common stock. The reverse stock split will not affect any shareholder’s ownership percentage of Guerrilla RF. Any fractional shares resulting from the reverse split will be rounded up to the nearest whole share.

You May Also Be Interested In

• XCharge to implement 1-for-20 reverse ADS split on Nasdaq
• Pulsenmore adds Ichilov hospital to its home ultrasound network
• NOG plans $500 million senior notes offering due 2034