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Stock impact report

MultiPlan Corporation Announces Effective Date of Reverse Stock Split

MultiPlan Corporation Class A (MPLN) 
Company Research Source: Business Wire
MultiPlan Common Stock Expected to Begin Trading on a Split-adjusted Basis on September 23, 2024 NEW YORK--(BUSINESS WIRE)--MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN), a leading provider of technology and data-enabled cost management, payment, and revenue integrity solutions to the U.S. health care industry, today announced that it expects a 1-for-40 reverse stock split of its outstanding shares of Class A common stock (the “common stock”) will be effective as of September 20, 2024 at 5:00 p.m. Eastern Time. MultiPlan’s common stock will continue trading on the New York Stock Exchange (“NYSE”) under the existing symbol (MPLN) and will begin trading on a split-adjusted basis when the market opens on September 23, 2024, with the new CUSIP number 62548M209.As of the effective time of the reverse stock split, each share of common stock will be automatically reclassified into one fortieth (1/40th) of a share of issued and outstanding common stock. This will reduce Show less Read more
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