secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0000950170-24-079161
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amwell announces 1-for-20 reverse stock split to regain NYSE compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024079161/0000950170-24-079161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024079161/amwl-20240627.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-079161

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer