Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Anghami Inc. ( (ANGH) ) has provided an announcement.
Anghami Inc. held an extraordinary general meeting on July 16, 2025, to propose a reverse stock split at a ratio of 1-for-10. This move aims to restore compliance with Nasdaq’s minimum bid price requirement, ensuring the company’s continued listing on the Nasdaq Capital Market. The board of directors unanimously recommended the reverse stock split, which is expected to boost the bid price per share and maintain the company’s strategic interests. OSN+, holding a majority of the company’s shares, is anticipated to vote in favor of the proposal, which would proportionally adjust the exercise and conversion prices of the company’s warrants and convertible notes.
Spark’s Take on ANGH Stock
According to Spark, TipRanks’ AI Analyst, ANGH is a Neutral.
Anghami Inc. faces significant financial challenges, with persistent losses and negative cash flows despite revenue growth. Technical indicators suggest a bearish trend, and valuation metrics point to unattractiveness. The company needs to improve operational efficiency and profitability to enhance its outlook.
To see Spark’s full report on ANGH stock, click here.
More about Anghami Inc.
Anghami Inc. operates in the digital music streaming industry, providing a platform for users to stream music and other audio content. The company is focused on maintaining its market presence and compliance with stock market regulations.
Average Trading Volume: 11,599
Technical Sentiment Signal: Sell
Current Market Cap: $32.93M
See more insights into ANGH stock on TipRanks’ Stock Analysis page.