Anghami Inc. Announces Reverse Stock Split to Meet Nasdaq Listing Requirements

Reuters
07/11
<a href="https://laohu8.com/S/ANGH">Anghami Inc.</a> Announces Reverse Stock Split to Meet Nasdaq Listing Requirements

Anghami Inc., a company listed on the Nasdaq Capital Market, announced plans for a reverse stock split of its ordinary shares. This move aims to address the Nasdaq's minimum bid price requirement, which mandates a closing bid price of at least $1.00 per share. The decision comes after the company's shares fell below this threshold for 32 consecutive business days. The reverse stock split proposal is recommended by the board and will be discussed at an extraordinary general meeting on July 16, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anghami Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-062802), on July 10, 2025, and is solely responsible for the information contained therein.

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