FuboTV Announces Reverse Stock Split: Key Details for Investors

Key Highlights

• Reverse Stock Split Approved: On March 23, 2026, FuboTV filed a Certificate of Amendment with the Delaware Secretary of State to effect a one-for-twelve reverse stock split of its common stock.
• Effective Date: The reverse stock split will become effective at 5:00 p.m. Eastern Time on March 23, 2026. Trading on a split-adjusted basis will begin at market open on March 24, 2026.
• Trading Symbol & CUSIP: FuboTV’s Class A common stock will continue to trade under the existing symbol “FUBO” on the NYSE, but will have a new CUSIP number (35953D401).
• Authorized Shares: FuboTV’s amended Certificate of Incorporation authorizes up to 7,050,000,000 shares:
  • 5,000,000,000 shares of Class A common stock
  • 2,000,000,000 shares of Class B common stock
  • 50,000,000 shares of preferred stock
• Emerging Growth Company Status: FuboTV is not considered an emerging growth company.

What Shareholders Need to Know

• Share Consolidation: The reverse stock split will consolidate every twelve shares of Class A or Class B common stock into one share. This means shareholders’ total share count will decrease, but the price per share is expected to adjust proportionally.
• No Action Required: The process is automatic for shareholders. No action is required on their part, and fractional shares will typically be handled according to company policy (usually rounded up or paid out in cash).
• Potential Price Impact: Reverse stock splits are often implemented to increase the per-share price and meet stock exchange listing requirements. This can impact market perception and trading activity. Investors should note that while the number of shares held will decrease, the total value of their holdings will remain the same, barring market fluctuations.
• Corporate Structure: The split does not affect the overall authorized share count for Class A, Class B, or preferred stock. It only impacts the number of shares outstanding and the par value remains \$0.0001 per share.
• Regulatory Compliance: The board unanimously approved the amendment, which was then submitted to shareholders for consideration, ensuring compliance with Delaware corporate law.
• Reporting & Trading: The company’s Class A common shares continue to be listed on the NYSE under the ticker symbol “FUBO” post-split.

Potentially Price-Sensitive Information

The announcement of a reverse stock split is often seen as a significant corporate event that can influence share price. Such splits are sometimes interpreted as a signal that the company is seeking to improve its share price or maintain its listing on a major exchange (NYSE, in this case). Investors should monitor trading activity and company communications closely after the split, as reverse splits sometimes precede other corporate actions or strategic changes.

Additional Details

• Certificate of Amendment: The full text of the amendment is included as Exhibit 3.1 in the SEC filing, and further details can be reviewed in that document.
• Trading Symbol: The ticker for FuboTV remains “FUBO” and the shares are registered with the NYSE.
• Corporate Compliance: FuboTV is not an emerging growth company, which may affect its financial reporting requirements and investor expectations.
• No Pre-commencement Communications: The company has not initiated written or soliciting communications, nor tender offers related to this action.

Conclusion

The reverse stock split is a major corporate action for FuboTV, designed to consolidate shares and likely increase the per-share price. While it does not alter the overall value of investor holdings, it may affect trading dynamics and market perceptions. Investors should be aware of the timing, impact, and implications of the reverse split, and monitor for any further announcements or actions by the company.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisor or broker before making investment decisions. The information provided is based on official filings and may be subject to change.

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