Janover (JNVR) Announces 1:8 Reverse Share Split

Janover Inc. (Nasdaq: JNVR) today announced that it will effect a 1-for-8 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on Monday, December 30, 2024, and the Company’s common stock will commence trading on the Nasdaq Capital Market (“Nasdaq”) on a post-split basis at the opening of the market on December 30, 2024, pending confirmation by the Depository Trust Company and the Nasdaq. The Company’s common stock will continue to trade on the Nasdaq under the Company’s existing trading symbol, “JNVR,” and a new CUSIP number 47100L 301 has been assigned as a result of the reverse stock split.

The Company expects that the reverse stock split, which was approved by the Company’s stockholders on November 27, 2024, will increase the price per share of the Company’s common stock, and is part of the Company’s strategy to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq.

At the effective time of the reverse stock split, each eight (8) shares of the Company’s issued and outstanding common stock will be automatically converted into one (1) issued and outstanding share of common stock without any change in the par value of $0.00001 per share or the total number of authorized shares. The reverse stock split will reduce the Company’s number of common shares outstanding, as of December 30, 2024, from approximately 11,313,644 shares to approximately 1,414,206 shares. No fractional shares of common stock will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to receive a fractional share will be rounded up at a participant level in lieu thereof.

Stockholders of record will receive information regarding their share ownership following the reverse stock split from the Company's transfer agent, Colonial Stock Transfer Company, Inc. (“Colonial”). The address for Colonial is 7840 S 700 E, Sandy, Utah 84070, and Colonial can be reached at (801) 355-5740. Additional information about the reverse stock split can be found in the Company's definitive proxy statement on Schedule 14A, filed with the U.S. Securities and Exchange Commission (the "SEC") on December 9, 2024, and available free of charge at the SEC's website www.sec.gov, and on the Company’s Investor Relations website at https://ir.janover.co/filings.

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