Reverse Stock Split Summary

On October 6, 2023, SPRU executed a 1:8 reverse stock split at market close.

This reverse stock split is intended to be a nontaxable reorganization for U.S. income tax purposes, however, each shareholder should refer to the Form 8937 and consult with their tax advisor for their tax consequences of the transaction.

Shareholders can find our Form 8937 below:
SPRU Form 8937