RUBI is trading 12.6% down today at $0.26 after announcing a 1-for-25 reverse stock split to maintain Nasdaq listing compliance.
- The reverse split, effective June 26, 2026, is intended to artificially boost the share price to meet the exchange's minimum bid price requirements.
- Shares hit a fresh 52-week low following a sharp pre-market drop, reflecting typical investor caution and dilution concerns often associated with micro-cap reverse splits.