This is the most telegraphed reverse split in recent memory. Management has had over a year to prepare and clearly believes the timing is optimal.
To execute smoothly, they've likely pre-arranged with supportive investors and institutions to absorb 2–5 million shares (providing $3–5M in buying power) and stabilize the post-split market. Skipping this step risks a messy, prolonged recovery.
I trust the company has lined up this support.
Looking ahead, sustained growth is key—but initially, a ~$5 share price is typically required to list on a major exchange. This sets the stage for broader credibility and access to capital.
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