LifeWallet Announces Reverse Stock Split to Regain Compliance with Nasdaq’s Minimum Bid Price Requirement
MSP Recovery, Inc. - Class A (LIFW)
Company Research
Source: GlobeNewswire
MIAMI, Nov. 12, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet,” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced that it will affect a reverse stock split of its Class A common stock at a reverse stock split ratio of 1-for-25, effective at 11:59 P.M. on November 15, 2024, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5450(a)(1). LifeWallet’s Common Stock will continue to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “LIFW” and will begin trading on a split-adjusted basis when the Nasdaq opens on November 18, 2024 (“Effective Time”). The new CUSIP number for the Class A common stock following the reverse split will be: 553745-30-8. The Company’s stockholders previously approved the reverse stock split and granted the Company’s board of directors the authority to determine
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LIFW
News
- LifeWallet Announces Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- LifeWallet Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- LifeWallet Announces New Comprehensive Settlements Totaling More Than $5.9 Million, Continued Progress in Recoveries on Owned Claims and Acquiring Rights to Additional Claims, and Initiatives to Eliminate Wasteful Medicare Spending by Launching Beta TestiAcquire Media Monitor
- LifeWallet Announces New Comprehensive Settlements Totaling More Than $5.9 Million, Continued Progress in Recoveries on Owned Claims and Acquiring Rights to Additional Claims, and Initiatives to Eliminate Wasteful Medicare Spending by Launching Beta TestiGlobeNewswire
- Insider Purchases Worth US$732.7k See Losses As MSP Recovery Market Value Drops To US$16m [Yahoo! Finance]Yahoo! Finance
LIFW
Sec Filings
- 11/18/24 - Form 424B3
- 11/18/24 - Form 424B3
- 11/18/24 - Form 424B3
- LIFW's page on the SEC website