Reverse Stock Split to support continued compliance with NYSE American continued listing standards
JACKSONVILLE, FL / ACCESS Newswire / October 28, 2026 / GEE Group Inc. (NYSE:JOB) together with its subsidiaries (collectively referred to as the "Company", "GEE Group", "our", or "we"), a provider of professional staffing services and human resource solutions, today announced that it will effect a one-for-thirty Reverse Stock Split on November 10, 2026 whereby every thirty (30) shares of authorized, issued and outstanding shares of GEE Group Common Stock, no par value (the "Common Stock") will be combined into one (1) share of authorized, issued and outstanding Common Stock of the Company (the "Reverse Stock Split").
As previously disclosed in the Company's Current Report on Form 8-K filed on October 2, 2026, the Reverse Stock Split was approved by the Company's Board of Directors and subsequently approved by the Company's Shareholders at the 2026 Annual Meeting of Stockholders held on September 30, 2026 through an amendment to GEE Group's Amended and Restated Articles of Incorporation. The Reverse Stock Split is expected to become effective at 5:00 p.m. Eastern Standard Time on November 9, 2026, with the Company's Common Stock expected to begin trading on a split-adjusted basis at the opening of trading on November 10, 2026 under the existing NYSE American ticker symbol, "JOB" with a new CUSIP number of 36165A 508.
At the effective time of the Reverse Stock Split, every thirty (30) issued and outstanding shares of the Company's Common Stock will automatically be combined into one (1) issued and outstanding share of Common Stock for stockholders as of the opening of trading on November 10, 2026, the effective date. The Reverse Stock Split will proportionately reduce the number of outstanding shares of Common Stock while leaving each stockholder's percentage ownership in the Company substantially unchanged, subject to the treatment of fractional shares. No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who would otherwise be entitled to receive a fractional share as a result of the Reverse Stock Split will have their shares rounded up to the nearest whole share. The Reverse Stock Split will proportionately adjust the number of shares of Common Stock underlying the Company's outstanding equity awards, warrants and other convertible securities, as well as the applicable exercise or conversion prices, in accordance with their respective terms.
"The Reverse Stock Split is an important step in supporting our continued listing on the NYSE American while better positioning GEE Group to capitalize on strategic opportunities which will maximize shareholder value," said Derek Dewan, Chief Executive Officer and Chairman of the Board.
The Company's transfer agent, Continental Stock Transfer & Trust Company, will act as exchange agent for the Reverse Stock Split. Stockholders holding shares electronically through a brokerage account or in book-entry form are not required to take any action to receive their post-split shares.