other material
confidence high
sentiment neutral
materiality 0.50
Hippo Holdings stockholders approve reverse stock split at ratio up to 1:30
Hippo Holdings Inc.
- Reverse stock split approved: 362,170,207 shares FOR, 3,455,329 AGAINST, 579,889 ABSTAIN.
- Adjournment proposal also approved: 353,824,961 FOR, 11,058,820 AGAINST, 1,321,644 ABSTAIN.
- Board may set split ratio between 1-for-20 and 1-for-30; authorized shares reduced proportionally.
- Special meeting held August 31, 2022; quorum of 366,205,425 shares present.