other_material
confidence high
sentiment negative
materiality 0.60
QVC Group files 1-for-50 reverse stock split, plans delisting of Series B common stock from Nasdaq
QVC Group, Inc.
- Reverse stock split at 1-for-50 ratio effective 4:01 p.m. ET on May 22, 2025.
- Series B common stock (QVCGB) to be delisted from Nasdaq; Form 25 expected May 27, 2025.
- Company applied for QVCGB quotation on OTCQB; no guarantee of continued trading market.
- No fractional shares issued; cash payment in lieu for fractional interests.
- Split-adjusted trading begins May 23; CUSIP numbers for QVCGA and QVCGB change.
item 3.03item 5.03item 8.01item 9.01