other material
confidence high
sentiment negative
materiality 0.50
Amwell announces 1-for-20 reverse stock split to regain NYSE compliance
American Well Corp
- Board approved 1-for-20 reverse split effective July 10, 2024; trading begins July 11 under AMWL.
- Class A shares reduce from ~266M to ~13.3M; new CUSIP 03044L 204.
- CFO Shepardson: split aims to meet NYSE $1.00 minimum closing price requirement.
- Shareholders authorized split at June 18 meeting; no fractional shares will be issued.