Doma Holdings (DOMA) effects 1-for-25 reverse stock split effective June 29

Doma Holdings, Inc.

1-for-25 reverse stock split effective June 29, 2023 at 11:59 p.m. EDT.
Common stock begins trading on split-adjusted basis June 30 under same ticker DOMA and new CUSIP 25703A 203.
No fractional shares issued; stockholders entitled to fractional shares receive cash.
Warrants adjusted: 11.5M public + 5.83M private warrants now exercisable for ~693,333 shares at $287.50 per share.
Authorized shares reduced proportionally; percentage ownership unchanged except for fractional share adjustments.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Doma Holdings, Inc.: Reverse stock split 1-for-25 and corresponding adjustment to authorized capital stock (effective 2023-06-29).

Change: charter amendment
Effective: 2023-06-29

Exact text from the filing

On June 29, 2023, Doma Holdings, Inc. (the “Company” or “Doma”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Charter Amendment”) to effect a 1-for-25 reverse stock split of the Company’s common stock (the “Reverse Stock Split”) and a corresponding adjustment to its authorized capital stock, effective as of 11:59 p.m. Eastern Daylight Time on June 29, 2023.

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Source: SEC EDGAR

accession 0001437749-23-018911

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