STOCK TITAN

Sow Good (SOWG) enacts 15‑for‑1 reverse stock split to support Nasdaq bid price

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sow Good Inc. is carrying out a 15‑to‑1 reverse stock split of its common stock to help regain compliance with Nasdaq’s minimum bid price requirement. The split becomes effective at 5:00 p.m. Eastern Time on April 23, 2026, with trading on a split‑adjusted basis beginning April 24, 2026.

As of the press release date, the company had 300,801,347 shares outstanding; following the reverse split, it expects to have 20,053,424 shares outstanding, subject to rounding up for fractional shares. Existing equity awards and plan share pools under the 2020 and 2024 stock incentive plans will also be adjusted on the same fifteen‑to‑one basis.

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Insights

Sow Good consolidates its share count 15‑for‑1 to support Nasdaq bid‑price compliance.

The company is executing a 15‑to‑1 reverse stock split, cutting its outstanding common shares from 300,801,347 to 20,053,424. This is a technical change to the share structure aimed at lifting the per‑share trading price to satisfy Nasdaq Listing Rule 5550(a)(2) on minimum bid price.

The split applies uniformly to all holders, with fractional shares rounded up, so each investor’s ownership percentage remains effectively unchanged. Stock incentive plans are also adjusted on the same ratio, preserving relative award size. The real impact for investors will depend on how the market responds once the stock begins trading on a split‑adjusted basis on April 24, 2026.

Item 3.03 Material Modification to Rights of Security Holders Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Reverse split ratio 15-to-1 Every fifteen shares of common stock reclassified into one share
Shares outstanding before split 300,801,347 shares Common stock outstanding as of the press release date
Shares outstanding after split 20,053,424 shares Expected common stock outstanding following the reverse split
Effective time 5:00 p.m. ET Reverse stock split effective on April 23, 2026
Listing rule referenced Nasdaq Listing Rule 5550(a)(2) Minimum bid price requirement cited as purpose for split
reverse stock split financial
"announced a one-for-fifteen reverse stock split of all the outstanding shares"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Nasdaq Listing Rule 5550(a)(2) regulatory
"for the purpose of regaining compliance with the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2)"
minimum bid price requirement financial
"for the purpose of regaining compliance with the minimum bid price requirement as set forth"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
stock incentive plan financial
"the Company’s 2020 Stock Incentive Plan and 2024 Stock Incentive Plan will be adjusted"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
fractional shares financial
"All fractional shares of common stock that would result from the Reverse Stock Split will be rounded up"
Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.
freeze dried candy other
"a freeze-dried food and candy manufacturer"
false --12-31 0001490161 0001490161 2026-04-17 2026-04-17 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 17, 2026

 

 

 

Sow Good Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware  001-42037  27-2345075
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

Sow Good Inc.

1440 N Union Bower Rd

Irving, TX 7506

(Address of principal executive offices, including Zip Code)

 

Registrant’s telephone number, including area code: (214) 623-6055

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   SOWG   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 3.03Material Modification to Rights of Security Holders.

 

The information disclosed under Item 5.03 of this Current Report on Form 8-K is incorporated by reference herein.

 

Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On April 17, 2026, Sow Good Inc. (the “Company”) filed a certificate of amendment to the Company’s Certificate of Incorporation (the “Charter Amendment”) with the Secretary of State of the State of Delaware, to implement the Reverse Stock Split (as defined below) as described below in Item 8.01, as approved on February 12, 2026 by stockholders representing a majority of the Company’s voting power, and by the Company’s board of directors on April 10, 2026. The Charter Amendment and the Reverse Stock Split will become effective as of 5:00 p.m. ET on April 23, 2026. The foregoing description of the Charter Amendment is a summary of the material terms thereof, and does not purport to be complete and is qualified in its entirety by reference to the full text of the Charter Amendment, which is filed with this Current Report on Form 8-K as Exhibit 3.1 and is incorporated herein by reference.

 

Item 8.01Other Events.

 

Reverse Stock Split

 

On April 17, 2026, the Company announced a one-for-fifteen reverse stock split of all the outstanding shares of its common stock (the “Reverse Stock Split”), effective after the close of business on April 23, 2025. As a result of the Reverse Stock Split, there will be 20,053,424 shares of common stock of the Company issued and outstanding immediately after the Reverse Stock Split. All fractional shares of common stock that would result from the Reverse Stock Split will be rounded up to the nearest whole share.

 

In connection with the Reverse Stock Split, the total number of shares of common stock available under, as well as the number of shares underlying each outstanding equity award under the Company’s 2020 Stock Incentive Plan and 2024 Stock Incentive Plan will be adjusted on a fifteen-to-one basis.

 

Item 9.01Financial Statements and Exhibits.

 

Exhibit No.   Description
3.1   Amendment to Certificate of Incorporation, dated as of April 17, 2026.
99.1   Press Release issued by Sow Good Inc., dated April 17, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

1

 

 

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 hereunto duly authorized.

 

Date: April 17, 2026 SOW GOOD INC.
     
  By: /s/ Yisroel Goldberg
    Yisroel Goldberg
   

Chief Executive Officer

 

2

 

Exhibit 99.1

 

Sow Good Inc. Announces Reverse Stock Spit

 

Irving, TX – April 17, 2026 — Sow Good Inc. (NASDAQ: SOWG), a freeze-dried food and candy manufacturer, announced today that its Board of Directors has approved a 15-to-1 reverse stock split (the “reverse stock split”), of its common stock, par value $0.001 (the “Common Stock”), effective at 5:00 pm Eastern Time on April 23, 2026 (the “Effective Time”). Beginning on April 24, 2026, at the commencement of trading, the Common Stock will trade on a split-adjusted basis. The reverse stock split was approved by written consent of the Company’s stockholders holding a majority of the voting power of the Company on February 12, 2026, and by the Board of Directors of the Company on April 10, 2026, and is being implemented for the purpose of regaining compliance with the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2).

 

The Common Stock will continue to trade under the existing ticker symbol “SOWG,” with the new CUSIP 84612H 304. As of the Effective Time, every fifteen (15) shares of the Company’s issued and outstanding Common Stock will be combined and reclassified into one share of Common Stock. The reverse stock split will affect all holders of Common Stock uniformly and each stockholder will hold the same percentage of Common Stock outstanding immediately following the reverse stock split as that stockholder held immediately prior to the reverse stock split, except for adjustments to round up to the nearest whole share.

 

No stockholder will hold fractional shares of Common Stock following the reverse stock split. Rather, any fractional shares of Common Stock that would have resulted from the reverse stock split will be rounded up to the nearest whole share.

 

Registered stockholders holding pre-reverse stock split shares of Common Stock electronically in book-entry form are not required to take any action to receive post-reverse stock split shares of Common Stock. Those stockholders who hold their shares of Common Stock in brokerage accounts or in “street name” will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker’s particular processes, and will not be required to take any action in connection with the reverse stock split. As of the date of this press release the Company has 300,801,347 shares outstanding. Following the reverse stock split the Company will have 20,053,424 shares outstanding, subject to any rounding up for fractional shares.

 

About Sow Good Inc.

 

Sow Good Inc. (NASDAQ: SOWG) is a U.S.-based consumer packaged goods company that pioneered the freeze dried candy category. Since commencing commercial sales in the first quarter of 2023, Sow Good developed and scaled a proprietary freeze drying manufacturing operation dedicated to transforming traditional candy and snacks into novel, intensely flavorful treats it markets under the “hyper dried, hyper crunchy, hyper flavorful” brand positioning.

 

Forward-Looking Statements

 

This press release contains forward-looking statements. Statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, including, among others, statements regarding the offering, expected growth, and future capital expenditures, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Forward-looking statements contained in this press release include, but are not limited to statements about: (a) our new management and Board of Directors’ ability to execute our business strategy, maintain effective internal controls, and manage our operations; (b) our ability to provide shareholder value through strategic alternatives, including potential partnerships, acquisitions and corporate transactions; (c) our ability to obtain the benefits of our recent private placement and strategic asset sale; (d) the continued market for freeze-dried candy; (e) our ability to compete successfully in the highly competitive industry in which we operate; (f) our ability to maintain and enhance our brand; (g) our ability to successfully implement our growth strategies related to launching new products and enter new markets; (h) the effectiveness and efficiency of our marketing programs; (i) our ability to manage current operations and to manage future growth effectively; (j) our future operating performance; (k) our ability to attract new customers or retain existing customers; (l) our ability to protect and maintain our intellectual property; (m) the government regulations to which we are subject; (n) our ability to maintain adequate liquidity to meet our financial obligations; (o) failure to obtain sufficient sales and distributions for our freeze dried product offerings; (p) the potential for supply chain disruption and delay; (q) the potential for transportation, labor, and raw material cost increases; (r) our expectations with our new retail wins; (s) our ability to realize the cost savings from our facility consolidations and operational efficiency measures; (t) the ability of the Company to meet Nasdaq’s continued listing standards and Nasdaq’s willingness to grant any extensions to regain compliance or delist the Company and (u) such other risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission, including the risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2025. All information provided in this release is as of the date hereof and we undertake no duty to update this information except as required by law.

 

 

FAQ

What reverse stock split did Sow Good Inc. (SOWG) approve?

Sow Good Inc. approved a 15‑to‑1 reverse stock split of its common stock. Every fifteen existing shares will be combined into one new share, with fractional shares rounded up. This consolidates the share count without changing each investor’s overall ownership percentage.

When does the Sow Good (SOWG) reverse stock split take effect?

The reverse stock split becomes effective at 5:00 p.m. Eastern Time on April 23, 2026. Sow Good’s common stock will begin trading on a split‑adjusted basis on April 24, 2026, while continuing to use the existing Nasdaq ticker symbol “SOWG.”

How many Sow Good (SOWG) shares will be outstanding after the reverse split?

As of the press release date, Sow Good had 300,801,347 shares outstanding. After the 15‑to‑1 reverse stock split, the company expects to have 20,053,424 shares outstanding, subject to rounding up of any fractional share positions to the nearest whole share.

Why is Sow Good Inc. (SOWG) implementing a reverse stock split?

Sow Good is implementing the 15‑to‑1 reverse stock split to help regain compliance with Nasdaq’s minimum bid price requirement. By reducing the number of shares, the company aims to increase its per‑share trading price, supporting continued listing on The Nasdaq Capital Market.

How will the reverse stock split affect Sow Good (SOWG) stockholders’ ownership?

The reverse stock split affects all Sow Good stockholders uniformly, so each will hold roughly the same percentage ownership as before. Every fifteen shares convert into one share, with no fractional shares issued because positions will be rounded up to the nearest whole share.

What happens to Sow Good’s stock incentive plans after the reverse split?

The total shares available and shares underlying outstanding awards under Sow Good’s 2020 and 2024 Stock Incentive Plans will be adjusted on a fifteen‑to‑one basis. This keeps the economic value of stock‑based compensation consistent with the new, reduced share count after the reverse split.

Filing Exhibits & Attachments

5 documents