Shares of Anghami Inc. (NASDAQ:ANGH) declined 9.4% after the company announced it will implement a 1-for-10 reverse stock split in an effort to regain compliance with Nasdaq’s minimum bid price requirements.
The leading multimedia streaming platform in the MENA region said its shares will begin trading on a split-adjusted basis on August 4, 2025. The stock will continue to trade under the ticker “ANGH,” but will adopt a new CUSIP number: G0369L200.
The reverse split was approved by shareholders during a reconvened Extraordinary General Meeting held on July 22, 2025. Under the plan, every ten existing ordinary shares will be consolidated into one share, raising the par value per share from $0.0001 to $0.001. Anghami emphasized that the move is non-dilutive and will not affect shareholders’ proportional ownership in the company.
All outstanding convertible securities and warrants will be adjusted in line with the reverse split. Shareholders will not receive fractional shares; instead, they’ll be paid in cash for any resulting fractions.
Continental Stock Transfer and Trust Company will act as the exchange and transfer agent for the process. Investors holding shares electronically or through brokerage accounts will see their holdings automatically adjusted, with no action required on their part.
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