UPH - UpHealth says reverse stock split to effect changes to warrant terms
- UpHealth ( NYSE: UPH ) said on Wednesday that the previously announced reverse stock split of the company's issued and outstanding common stock approved by its board and the company's stockholders on December 5, 2022.
- Each ten shares of common stock will be combined and reconstituted into one share of common stock will effect proportionate adjustments to its outstanding warrants.
- The company's warrants, traded on the NYSE under the symbol UPH.WS, will be reduced at a ratio of 1-for-10.
- The exercise price of each warrant will increase from $11.50 per share to $115.00/share.
- The company’s common stock is expected to commence trading on a split-adjusted basis when the markets open on December 9, 2022, under the existing trading symbol “UPH.”
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UpHealth says reverse stock split to effect changes to warrant terms