08:17 AM EST, 12/26/2024 (MT Newswires) -- Janover ( JNVR ) said Thursday it will implement a 1-for-8 reverse stock split, effective Dec. 30, as part of a strategy to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq.

The company said it expects the reverse stock split to increase the per-share price of its common stock.

Shares of Janover ( JNVR ) were up 3.3% in recent premarket activity Thursday.