Bark, Inc. 8-K

What Happened
BARK, Inc. announced that its Board effected a one‑for‑twenty (1:20) reverse stock split of its common stock, effective 12:01 a.m. Eastern Time on April 1, 2026. The Board exercised authority granted by stockholders at the March 25, 2026 annual meeting to implement a reverse split in the range of 1:2 to 1:30 and filed a Certificate of Amendment with the Delaware Secretary of State to make the change effective. The Company’s common stock began trading on the NYSE on a split‑adjusted basis under the existing ticker “BARK.”

Key Details

• Reverse split ratio: 1-for-20, effective April 1, 2026 at 12:01 a.m. ET.
• Authorized shares of common stock remain unchanged at 500,000,000.
• Shares available under the 2011 Stock Incentive Plan, 2021 Equity Incentive Plan, and 2021 ESPP were decreased proportionately; outstanding awards’ share counts and exercise/grant/purchase prices were adjusted proportionately.
• Outstanding warrants were adjusted per their agreements (shares purchasable and exercise prices adjusted). No fractional shares were issued; fractional interests were rounded down and holders will receive cash in lieu of fractional shares.

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases the per‑share price proportionately, which can affect liquidity, per‑share metrics, and how the stock meets exchange listing requirements. For holders of equity awards and warrants, share counts and prices were adjusted to preserve economic value on a post‑split basis; fractional share treatment may result in small cash payments for some stockholders. Investors should note the effective date (April 1, 2026) and that trading on the NYSE reflects the split‑adjusted share count and price.