Amwell announces reverse stock split

Boston, june 28, 2024 (globe newswire) -- amwell® (nyse: amwl), a small-cap growth healthcare company and a leading provider of healthcare software as a service, today announced that its board of directors (the “board”) has approved a 1-for-20 reverse stock split (“reverse split”) of its class a common stock, class b common stock and class c common stock (collectively, the “common stock”), that is expected to become effective on july 10, 2024 at 5:00 p.m. edt. the shares of the company's class a common stock are expected to begin trading on the new york stock exchange (“nyse”) on a split-adjusted basis at the market open on july 11, 2024. no change will be made to the trading symbol for the company's shares of class a common stock, “amwl”, in connection with the reverse split.
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