other material
confidence high
sentiment neutral
materiality 0.35
OUTFRONT Media announces 1-for-1.024549 reverse stock split effective Jan 17, 2025
OUTFRONT Media Inc.
- Reverse split ratio of 1-for-1.024549; effective at market open on January 17, 2025.
- Shares outstanding reduced from ~170.1M to ~165.99M to offset dilution from $0.01 par special dividend paid Dec 31, 2024.
- Authorized shares and par value unchanged; new CUSIP 69007J-304; fractional shares paid in cash.
- Common stock continues trading on NYSE under symbol 'OUT'.