FuboTV Reverse Stock Split Sends FUBO Lower, Puts Future Share Issuance in Focus
FuboTV’s 1-for-12 reverse stock split took effect March 23, cutting Class A shares to 29.4 million and Class B shares to 79 million. The stock fell 17.8% over two sessions after the split, from $13.20 to $10.85. The company kept its authorized share count unchanged, allowing more room for future issuance. Hulu, LLC approved the split by written consent.