other material
confidence high
sentiment neutral
materiality 0.35
Hippo Holdings effects 1-for-25 reverse stock split as of Sept 29, 2022
Hippo Holdings Inc.
- Reverse split ratio of 1:25; effective 11:59 p.m. EDT on Sept 29, 2022.
- Common stock begins trading split-adjusted on Sept 30 under symbol HIPO with new CUSIP 433539202.
- No fractional shares issued; cash paid in lieu of fractional shares; percentage ownership unchanged except for fractional share treatment.
- Warrants adjusted: every 25 shares purchasable become 1 share; exercise price becomes $287.50 (25×$11.50).