Sow Good Inc. Announces 15-to-1 Reverse Stock Split: Key Details for Investors

Overview

Sow Good Inc. (NASDAQ: SOWG), a leading U.S.-based manufacturer in the freeze-dried food and candy market, announced a significant corporate action: the Board of Directors has approved a 15-to-1 reverse stock split of its common stock. This move is set to take effect on April 23, 2026, at 5:00 pm Eastern Time, with trading of split-adjusted shares commencing on April 24, 2026.

Key Points for Investors

• Reverse Stock Split Ratio: Every fifteen (15) shares of the company’s issued and outstanding common stock will be combined and reclassified into one (1) share.
• Purpose: The reverse stock split is being implemented to help Sow Good Inc. regain compliance with the minimum bid price requirement as specified in Nasdaq Listing Rule 5550(a)(2). This is a critical step to avoid delisting from Nasdaq, which could have significant implications for the company’s liquidity and investor confidence.
• Share Count Impact: The number of shares outstanding will decrease from approximately 300,801,347 to about 20,053,424 post-split, subject to rounding up for fractional shares. This dramatic reduction is expected to proportionally increase the per-share price.
• Trading Symbol and CUSIP: The company will continue trading under the ticker “SOWG” with a new CUSIP number: 84612H 304.
• Shareholder Impact: The reverse split will affect all holders uniformly. Each shareholder will hold the same percentage of common stock post-split as before, except for minor adjustments due to rounding up fractional shares to the nearest whole share. No fractional shares will be issued.
• No Action Required: Shareholders holding their stock electronically or in brokerage accounts do not need to take any action. Positions will be automatically adjusted by brokers.
• Shareholder Approval: The split was approved by written consent of shareholders holding a majority of voting power on February 12, 2026, and by the Board of Directors on April 10, 2026.

Potential Price-Sensitive Information

• Nasdaq Listing Compliance: Failure to regain compliance with Nasdaq’s minimum bid price could result in delisting, which would likely have a negative impact on the share price and marketability of Sow Good Inc.’s shares. Investors should closely monitor the effectiveness of this action and any further updates from the company or Nasdaq.
• No Dilution or Change in Ownership Percentage: The reverse split does not dilute existing shareholders or alter their proportional ownership in the company, except for minimal changes due to rounding of fractional shares.
• Corporate Developments: The company mentions the ongoing execution of business strategies, including new management, the potential for strategic alternatives (such as partnerships, acquisitions, or asset sales), and efforts to enhance brand strength and expand product lines. These initiatives, if successful, could positively impact the company’s performance and shareholder value.
• Risks and Uncertainties: The company outlines several risks, including the ability to maintain liquidity, supply chain disruptions, cost increases, maintaining and growing retail wins, and the successful realization of operational efficiencies. These factors can significantly affect future performance and, consequently, the share price.

About Sow Good Inc.

Sow Good Inc. is a consumer packaged goods company that pioneered the freeze-dried candy category in the U.S. Since launching commercial sales in Q1 2023, the company has developed proprietary manufacturing capabilities, producing innovative, intensely flavorful treats under the “hyper dried, hyper crunchy, hyper flavorful” positioning.

Forward-Looking Statements

This article contains forward-looking statements, including those regarding future business strategies, growth opportunities, market conditions, and the company’s ability to meet Nasdaq’s listing requirements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making investment decisions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Sow Good Inc. undertakes no obligation to update any statements herein except as required by law.

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