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MSP Recovery announces 1-for-25 reverse stock split to regain Nasdaq compliance

seekingalpha
2024-11-13
  • MSP Recovery (NASDAQ:LIFW) on Tuesday announced that it will implement a 1-for-25 reverse stock split of its Class A common stock.
  • The split will become effective at 11:59 P.M. on November 15, 2024. Following the split, there will be about 1.6M shares of Class A common stock issued and outstanding.
  • The split will be implemented to regain compliance with Nasdaq's minimum $1.00 bid price per share requirement, the company said.
  • LIFW is +12.15% to $0.1421.
  • Source: Press Release

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