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Hippo Holdings Approves 1-for-25 Reverse Stock Split

September 19, 2022 — 04:26 pm EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - Hippo Holdings Inc. (HIPO), Monday announced it has unanimously approved a 1-for-25 reverse stock split of the company's common stock.

The company's common stock is expected to begin trading on a split-adjusted basis when the markets open on Friday, September 30, 2022, under the existing trading symbol "HIPO".

Upon the effectiveness of the reverse stock split, every 25 shares of the Company's issued and outstanding common stock will automatically be converted into one share of issued and outstanding common stock.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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