other material
confidence high
sentiment neutral
materiality 0.60
Finance of America sets July 25 effective date for 1-for-10 reverse stock split
Finance of America Companies Inc.
- Reverse split effective 5:00 p.m. ET on July 25, 2024; adjusted trading begins July 26.
- CUSIP for Class A Common Stock changes to 31738L 206; warrant exercise price becomes $115.
- Every 10 pre-split shares become 1 share; no fractional shares—cash in lieu paid.
- No change to authorized shares, par value, or Class B Common Stock.
- Split intended to meet NYSE continued listing price criteria.