secwatch.observer — SEC 8-K summary
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Issuer:     Claritev Corp (CTEV)
CIK:        0001793229
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001793229-24-000136
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MultiPlan effects 1-for-40 reverse stock split effective Sept 20, 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1793229/000179322924000136/0001793229-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1793229/000179322924000136/mpln-20240920.htm
  HTML page:      https://secwatch.observer/filing/0001793229-24-000136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer