other material
confidence high
sentiment neutral
materiality 0.60
Finance of America Companies completes 1-for-10 reverse stock split
Finance of America Companies Inc.
- Reverse split effective 5:00 p.m. ET on July 25, 2024; every 10 shares of Class A common converted into 1 share.
- Split-adjusted trading began on NYSE July 26 under same symbol FOA; new CUSIP: 31738L206.
- Number of authorized shares unchanged; proportionate adjustments made to warrants, equity awards, and FoA Units.
- Exercise price of public warrants adjusted to $115 (10x prior).
- No change to Class B common stock or voting percentages, except for fractional share cash.