other
confidence high
sentiment neutral
materiality 0.50
Portman Ridge to implement 1-for-10 reverse stock split on August 26, 2021
BCP Investment Corp
- Reverse stock split effective August 26, 2021; trading begins on split-adjusted basis at market open.
- Every 10 existing shares convert into 1 share; no fractional shares issued (cash in lieu).
- Authorized common shares reduced from 100M to 20M; new CUSIP number assigned.
- Shareholders approved split at June 7, 2021 annual meeting; Board set ratio at 1-for-10 on August 4, 2021.