other material
confidence high
sentiment neutral
materiality 0.60
MultiPlan stockholders approve reverse stock split; 1-for-40 split effective Sept. 20
Claritev Corp
- Special meeting vote: 494,468,432 for, 5,160,539 against; proposal passed.
- 1-for-40 reverse split effective Sept. 20, 2024 at 5:00 p.m. ET; trading on split-adjusted basis from Sept. 23.
- Outstanding shares to decrease from ~658M to ~16.5M; warrants, options, convertible notes adjusted proportionally.
- Split intended to raise per-share price to meet NYSE continued listing price criteria.