other material
confidence high
sentiment neutral
materiality 0.60
Finance of America stockholders approve 10:1 reverse stock split to meet NYSE listing price
Finance of America Companies Inc.
- Stockholders with 69.8% voting power executed written consent approving 10:1 reverse split.
- Primary aim is to raise per-share price to satisfy NYSE continued listing criteria.
- Board retains discretion; split effective upon filing with Delaware Secretary of State.
- Preliminary information statement filed June 17, 2024; definitive statement to follow.