Traeger, Inc. 8-K

What Happened Traeger, Inc. announced a 1-for-50 reverse stock split of its common stock by filing a Certificate of Amendment with the Delaware Secretary of State on March 17, 2026, effective at 5:00 p.m. Eastern Time. The Board had authority (approved by shareholders at the March 2, 2026 annual meeting) to choose a split ratio between 1-for-10 and 1-for-50 and selected the final 1-for-50 ratio on March 12, 2026. Shares began trading on a split-adjusted basis on the NYSE at the opening of trading on March 18, 2026 under the existing ticker COOK; the new CUSIP is 89269P202. No change was made to the number of authorized shares or the par value per share.

Key Details

• Reverse stock split ratio: 1-for-50.
• Effective time: March 17, 2026 at 5:00 p.m. ET; trading adjusted March 18, 2026.
• New CUSIP: 89269P202.
• Fractional shares: no fractional shares issued; holders entitled to fractional shares will receive cash in lieu.

Why It Matters A reverse split reduces the number of outstanding shares and typically increases the per‑share price proportionally, which can help a company meet minimum listing price requirements (the filing references an NYSE notice of non‑compliance). For investors, holdings will be consolidated at the 1-for-50 ratio and brokerage records and per‑share metrics will be adjusted accordingly; fractional holdings will be cashed out. The company did not change authorized share counts or par value—this is a share consolidation, not an issuance or new authorization.