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Reported Earlier, MultiPlan Announces 1-for-40 Reverse Stock Split, Effective September 23, 2024

Author: Benzinga Newsdesk | September 11, 2024 03:36am

As of the effective time of the reverse stock split, each share of common stock will be automatically reclassified into one fortieth (1/40th) of a share of issued and outstanding common stock. This will reduce the number of shares outstanding from approximately 658,127,871 shares to approximately 16,453,197 shares (in each case, exclusive of treasury shares), subject to adjustment for fractional shares.

Posted In: MPLN


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