Property manager Vacasa plans to execute a one-for-20 reverse stock split in an effort to increase its share price to above $1 per share, thus maintaining its listing on Nasdaq. The reverse stock split, approved by Vacasa's board of directors on September 1, is set to take effect before midnight on October 2, with the adjusted shares trading on the stock market the following day. This move aligns with a trend among companies like Sonder, which have planned to implement reverse stock splits to address share price declines below $1.