other material
confidence high
sentiment neutral
materiality 0.50
INNOVATE Corp. executes 1-for-10 reverse stock split effective Aug 8, 2024
INNOVATE Corp.
- Board-approved 1-for-10 reverse split filed in Delaware Aug 8, 2024; effective 5:00 p.m. ET same day.
- Every 10 existing common shares auto-converted into 1 new share; symbol VATE unchanged.
- Exercise prices, shares under equity awards, convertible notes, and preferred stock proportionally adjusted.
- Authorized shares and par value ($0.001) unchanged; split-adjusted trading begins Aug 9, 2024.