SOFI Stock: Here’s Why Management Is Pushing for a Reverse Stock Split

On July 12, SoFi Technologies  (SOFI) – Get SoFi Technologies Inc. Report will host its annual shareholder meeting. At the meeting, shareholders will vote on a variety of proposals such as the election of the board of directors, executive compensation, the ratification of the audit committee, the stock option and incentive plan, and a reverse stock split.

Reverse stock splits can have negative connotations and effects. So why is SoFi’s management pushing for one?

Figure 1: SOFI Stock: Here's Why Management Is Pushing for a Reverse Stock Split

Figure 1: SOFI Stock: Here’s Why Management Is Pushing for a Reverse Stock Split