other material
confidence high
sentiment neutral
materiality 0.50
NYCB completes 1-for-3 reverse stock split effective July 11, 2024
FLAGSTAR BANK, NATIONAL ASSOCIATION
- Reverse split effective 5:01 p.m. ET July 11; common stock trades on adjusted basis July 12 under same symbol NYCB.
- Every 3 common shares combined into 1; authorized shares reduced from 2B to 666,666,666.
- Post-split shares outstanding: 351,365,486 as of July 12, 2024 close.
- No fractional shares issued; cash payment in lieu of fractional shares.
- Preferred stock (Series A, B, C, D) and warrants adjusted; preferred shares unchanged.