Inspirato Is the Latest Entrant to the SPAC-Stock Split Club

Welcome to a brand new week, folks! After a harrowing trip back home, I can confirm that Europe has an airport staff shortage.

Also, if you’re at the VRMA conference in Orlando, make sure to say hi to Skift Executive Editor Dennis Schaal. 

Alright, onwards.

Luxury brand Inspirato is implementing a 1-for-20 reverse stock split of its Class A, Class B non-voting, and Class V common stock to meet Nasdaq's $1 bid price requirement — similar to Vacasa and Sonder’s stock split. 

Inspirato's Class A Common Stock resumed trading on Nasdaq October 17, retaining the ticker symbol ISPO. Stockholders approved the reverse split at a special meeting on September 26, 2023, allowing the board to determine the ratio and timing. At Monday's close, Inspirato traded at $4.06 per share.