BBLN - Babylon to execute 1-for-25 reverse share split

November, 09 2022 06:57 AM Babylon Holdings Limited Class A

Babylon ( NYSE: BBLN ) is implementing a 1-for-25 reverse share split of its Class A ordinary shares in a bid to increase the per share trading price to regain compliance with NYSE's minimum share price requirement.
The split will become effective on Dec 15, 2022 and the Class A ordinary shares will begin trading on a split-adjusted basis on Dec 16, 2022. Concurrent with the move, the par value of the Class A ordinary shares will be changed to $0.0001 per share.
The number of issued and outstanding shares will be reduced from ~620M to ~24.8M shares.

For further details see:

Company Name:	Babylon Holdings Limited Class A
Stock Symbol:	BBLN
Market:	NYSE