ATI Physical Therapy announces one-for-fifty reverse stock split

ATI Physical Therapy announced that its board of directors has approved a one-for-fifty reverse stock split of ATI’s Class A common stock, par value $0.0001 per share. The reverse stock split was approved by ATI’s stockholders at a meeting of stockholders held virtually on June 13. The reverse stock split will become effective at 4:01 p.m. Eastern Time on June 14 and the Class A Common Stock will open for trading on The New York Stock Exchange on a reverse split-adjusted basis on June 15 under the existing trading symbol. The reverse stock split is intended to increase the market price per share of the company’s Class A Common Stock to regain compliance with the minimum bid continued listing requirement of the NYSE.