Anghami Announces 10-to-1 Share Consolidation for Nasdaq Compliance

Rhea-AI Filing Summary

Anghami Inc. (ANGH) filed a Form 6-K announcing a 1-for-10 reverse stock split of its ordinary shares to restore compliance with Nasdaq’s US$1.00 minimum bid rule. Shareholders approved the action at the 22 Jul 2025 EGM. The split will be effected after market close 1 Aug 2025; trading on a split-adjusted basis begins 4 Aug 2025 under the same ticker with new CUSIP G0369L200.

Key mechanics:

• Every ten shares consolidate into one; no shareholder action required.
• Par value rises proportionally from US$0.0001 to US$0.001.
• Strike and conversion prices of all outstanding convertibles/warrants will be adjusted 10× higher.
• No fractional shares issued; cash paid in lieu.

The company states the move will not dilute ownership but should elevate the post-split share price and preserve Nasdaq Capital Market listing.

Insights

Equity Analyst

TL;DR: Reverse split lifts quoted price, averts delisting risk, but doesn’t improve fundamentals; neutral valuation impact.

Maintaining a Nasdaq listing preserves liquidity and index eligibility, important for a regional streaming platform seeking wider investor access. The 1-for-10 ratio is typical for sub-US$0.10 stocks; it should push the price near tenfold, clearing the US$1 threshold comfortably. Because share count falls equally across all holders and par value rises, economic ownership is unchanged. However, reverse splits often precede continued price weakness if underlying profitability issues persist. No operational data accompanied the filing, so the action alone doesn’t alter cash flow outlook or competitive positioning. Impact assessed as neutral for valuation, modestly positive for governance.

Corporate Governance Specialist

TL;DR: Necessary compliance move; signals proactive board action but highlights prior price deterioration.

The board secured shareholder consent ahead of the compliance deadline, demonstrating procedural rigor. Automatic adjustment of convertibles/warrants avoids unintended dilution disputes. Cash-out of fractional shares simplifies cap-table reconciliation. Yet, reliance on a reverse split underscores prior market under-performance and may invite investor scrutiny of strategic execution. Governance impact is balanced: positive for rule adherence, negative for optics.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2025

Commission File Number: 001-41263

Anghami Inc.

(Exact name of registrant as specified in its charter)

16th Floor, Al-Khatem Tower, WeWork Hub71
Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Reverse Split

On July 29, 2025, Anghami Inc., a Cayman Islands exempted company (the “Company”), issued a press release announcing a 1-for-10 reverse stock split of the Company’s ordinary shares (the “Reverse Stock Split”). The Reverse Stock Split was approved by the Company’s shareholders at the reconvened Extraordinary General Meeting held on July 22, 2025. The primary purpose of the Reverse Stock Split is to regain compliance with the Nasdaq Capital Market’s minimum bid price requirement for continued listing. The Reverse Stock Split will not have a dilutive effect on shareholders. The reverse share split will be effected automatically, without any action required on the part of the Company’s shareholders.

The reverse share split will become effective after the close of the market on August 1, 2025, and the Company’s ordinary shares are expected to begin trading on a split-adjusted basis when the markets open on August 4, 2025 under the Company’s existing trading symbol “ANGH” with the new CUSIP number G0369L200.

Upon effectiveness, every ten issued and outstanding ordinary shares will be combined into one issued and outstanding ordinary share. The par value of the ordinary shares will be proportionately increased, from $0.0001 per share to $0.001 per share. Additionally, the conversion or exercise prices of all convertible securities and warrants will be proportionately adjusted in line with the Reverse Stock Split. Shareholders will not receive fractional shares; instead, cash payments will be made in lieu of any fractional shares.

A copy of the press release announcing the Reverse Stock Split is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

EXHIBIT INDEX

Exhibit		Description
99.1		Press Release dated July 29, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

	ANGHAMI INC.
Date: July 29, 2025	By:	/s/ Elias Habib
	Name:	Elias Habib
	Title:	Chief Executive Officer

FAQ

Why is Anghami (ANGH) executing a 1-for-10 reverse stock split?

To raise its per-share price above Nasdaq’s US$1.00 minimum bid requirement and avoid potential delisting.

When will Anghami’s reverse split become effective?

After market close on 1 Aug 2025; split-adjusted trading starts 4 Aug 2025.

Will the reverse split dilute existing Anghami shareholders?

No. Share counts fall proportionally and conversion prices adjust upward, keeping economic ownership unchanged.

What happens to fractional shares from the Anghami reverse split?

Investors entitled to fractional shares will receive cash in lieu rather than partial shares.

Will Anghami’s ticker symbol change after the split?

The ticker remains ANGH, but the CUSIP changes to G0369L200.