DOMA - Doma to effect 1-for-25 reverse stock split

2023-06-21 16:29:06 ET

• Doma Holdings ( NYSE: DOMA ) said on Wednesday that its board has unanimously approved a 1-for-25 reverse stock split.
• The reverse stock split is expected to be effective as of June 29 11:59 PM Eastern Daylight Time.
• The shares will begin trading on a split-adjusted basis from June 30 market open.
• The company has outstanding publicly-issued warrants to purchase 11.5M shares and privately-placed warrants to purchase 5.8M shares.
• Each whole warrant is exercisable to purchase one share at $11.50.
• After the reverse stock split is effective, the warrants will be exercisable for ~693K shares with an exercise price of $287.50 per share.
• Source: Press Release

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