Doma 1-For-25 Reverse Stock Split To Become Effective On June 29, 2023
Portfolio Pulse from Happy Mohamed
Doma Holdings, Inc. (NYSE:DOMA) has filed a Certificate of Amendment to effect a 1-for-25 reverse stock split of the company's common stock and a corresponding reduction in authorized shares of capital stock. The reverse stock split will become effective on June 29, 2023, and the common stock will begin trading on a split-adjusted basis on June 30, 2023. The reverse stock split will not alter any stockholder's percentage interest in the company's outstanding common stock, except for adjustments that may result from the treatment of fractional shares.
June 29, 2023 | 8:11 pm
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NEUTRAL IMPACT
Doma Holdings' 1-for-25 reverse stock split and corresponding reduction in authorized shares of capital stock will become effective on June 29, 2023. The stock will begin trading on a split-adjusted basis on June 30, 2023.
The reverse stock split will reduce the number of shares outstanding, which could potentially increase the stock price. However, it will not change the overall market capitalization of the company or any individual shareholder's proportionate ownership. Therefore, the short-term impact on the stock price is neutral.
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