other material
confidence high
sentiment neutral
materiality 0.40
DigitalBridge Group completes 1-for-4 reverse stock split, reducing Class A shares to 163.9M
DigitalBridge Group, Inc.
- Reverse stock split effective after close on Aug 22, 2022; Class A and B shares combined at 1:4 ratio.
- Outstanding Class A shares reduced to 163.9M; Class B shares to 166,494.
- Fractional shares rounded down; cash paid in lieu.
- Company to seek stockholder approval to adjust authorized shares at next annual meeting.