Bright Health Group effects 1-for-80 reverse stock split effective May 19, 2023

NeueHealth, Inc.

Reverse stock split at ratio 1:80; effective 5:00 p.m. ET on May 19, 2023.
No fractional shares issued; cash in lieu; new CUSIP 10920V 404.
Outstanding equity awards and plan shares adjusted proportionately; convertible preferred conversion rates adjusted.
Registration statements on Form S-8 proportionately reduced; trading symbol BHG unchanged.

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

NeueHealth, Inc.: Filed a Certificate of Amendment to the Ninth Amended and Restated Certificate of Incorporation to effect a 1-for-80 reverse stock split of the outstanding shares of common stock (effective 2023-05-19).

Change: charter amendment
Effective: 2023-05-19

Exact text from the filing

On May 19, 2023 (the “Effective Date”), Bright Health Group, Inc. (the “Company”) filed a Certificate of Amendment to the Ninth Amended and Restated Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware (the “Certificate of Amendment”) to effect a 1-for-80 reverse stock split (the “Reverse Split”) of the outstanding shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), effective as of 5:00 p.m., Eastern Time on the Effective Date.

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Source: SEC EDGAR

accession 0001671284-23-000021

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