Granite Point Mortgage Trust Inc. (GPMT) Sets 1-for-10 Reverse Split Effective Oct. 5

Granite Point Mortgage Trust Inc. will implement a 1-for-10 reverse stock split effective Oct 5, 2026, reducing shares outstanding from ~48.2M to ~4.8M. The board is also reviewing strategic alternatives, with no assurance of any outcome.Material DetailsContext by AI AnalystThis is a late-stage con…