other material
confidence high
sentiment neutral
materiality 0.60
Root, Inc. effects 1-for-18 reverse stock split; trading begins August 15 on split-adjusted basis
Root, Inc.
- Reverse stock split of Class A and Class B common stock at 1-for-18 ratio, effective August 12, 2022.
- Class A common stock begins trading split-adjusted on Nasdaq on August 15 under symbol ROOT with new CUSIP 77664L207.
- Number of shares registered under SEC registration statements proportionately reduced.
- Anti-dilution adjustments made to equity plans, ESPP, outstanding awards, Series A convertible preferred, and warrants.