other material
confidence high
sentiment neutral
materiality 0.40
MultiPlan effects 1-for-40 reverse stock split effective Sept 20, 2024
Claritev Corp
- Reverse split effective 5:00 p.m. ET Sept 20; trading on split-adjusted basis begins Sept 23.
- Each share reclassified into 1/40th share; new CUSIP 62548M209, symbol stays MPLN.
- Proportional adjustments to warrants, equity awards, employee stock plans, and convertible notes (6%/7% due 2027).
- No fractional shares issued; stockholders receive cash for fractional entitlements.
- Purpose: meet NYSE continued listing price criteria.