Doma Holdings announced that its board of directors has unanimously approved a 1-for-25 reverse stock split of the company’s common stock and a corresponding reduction in authorized shares of capital stock of the company. The reverse stock split is expected to be effective as of 11:59 p.m. Eastern Daylight Time on Thursday, June 29, with the common stock expected to begin trading on a split-adjusted basis when the markets open on Friday, June 30, under the existing trading symbol “DOMA.” 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.
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