Hudson Pacific Properties is planning a reverse stock split.
The 7-1 split was approved by the company’s board of directors and will take effect Dec. 1. 
Companies sometimes employ reverse stock splits when they are in danger of being delisted from one of the stock exchanges, as was the case with WeWork in 2023. There is no delisting notice filed for HPP with the Securities and Exchange Commission.
There are other reasons to elect to merge stocks, including boosting stock prices to attract investors, according to Nasdaq.
HPP’s stock price is above the $1 threshold that is required to be listed on the New York Stock Exchange, trading at $1.88…