FitLife Brands Announces 2-for-1 Forward Stock Split

Rhea-AI Summary

FitLife Brands (Nasdaq: FTLF), a nutritional supplements and wellness products provider, announced a 2-for-1 forward stock split effective February 7, 2025. The company's outstanding shares will increase from 4,605,108 to 9,210,216, while maintaining stockholders' percentage ownership and voting power unchanged.

The split aims to boost daily trading volumes and make the stock more accessible to a broader investor base. In conjunction with this corporate action, the company's CUSIP number will change to 33817P405. Additional details are available in the Form 8-K filed with the SEC on February 5, 2025.

Positive

• Stock split could improve trading liquidity and accessibility for retail investors
• Maintains existing shareholders' ownership percentages and voting rights

Negative

• None.

Omaha, NE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- FitLife Brands, Inc. (“FitLife” or the “Company”) (Nasdaq: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today announced that it will be implementing a 2-for-1 forward stock split. The Company’s common stock will begin trading on a split-adjusted basis on Friday, February 7, 2025. In conjunction with the stock split, the CUSIP number for Company’s common stock will change to 33817P405.

As of February 5, 2025, immediately prior to the forward stock split, there were 4,605,108 shares of the Company’s common stock outstanding. Immediately following the forward stock split, there will be 9,210,216 shares of the Company’s common stock outstanding. The forward stock split does not change any stockholder’s percentage ownership interest or proportional voting power. Additional details about the forward stock split are included in the Form 8-K filed with the SEC by the Company on February 5, 2025.

Dayton Judd, the Company’s Chairman and CEO, commented, “The 2-for-1 forward stock split aims to enhance the daily trading volumes of our common stock and reflects our confidence in the Company’s future and our commitment to making the stock more accessible to a broader range of investors.”

About FitLife Brands
FitLife Brands is a developer and marketer of innovative and proprietary nutritional supplements and wellness products for health-conscious consumers. FitLife markets over 250 different products primarily online, but also through domestic and international GNC® franchise locations as well as through various retail locations. FitLife is headquartered in Omaha, Nebraska. For more information, please visit our website at www.fitlifebrands.com.

FAQ

When will FTLF's 2-for-1 stock split take effect?

FitLife Brands' 2-for-1 stock split will take effect on Friday, February 7, 2025, when the stock will begin trading on a split-adjusted basis.

How many shares will FTLF have outstanding after the 2-for-1 stock split?

After the 2-for-1 stock split, FitLife Brands will have 9,210,216 shares of common stock outstanding, up from 4,605,108 shares.

What is the new CUSIP number for FTLF after the stock split?

Following the stock split, FitLife Brands' new CUSIP number will be 33817P405.

Will the FTLF stock split affect shareholders' ownership percentage?

No, the forward stock split will not change any stockholder's percentage ownership interest or proportional voting power.

What is the purpose of FTLF's 2-for-1 stock split?

The stock split aims to enhance daily trading volumes and make the stock more accessible to a broader range of investors.