Cano health files preliminary proxy statement with the sec to initiate plan for reverse stock split

Miami , oct. 5, 2023 /prnewswire/ -- cano health, inc. (" cano health " or the " company ") (nyse: cano) today announced that it has filed a preliminary proxy statement with the sec regarding a special stockholders' meeting to authorize cano health's board of directors to effect a reverse stock split of the company's class a and class b common stock (the " common stock ") at a ratio of 1-for-60, with the board having the right to adjust such ratio down to 1-for-5 and up to 1-for-100 (the " reverse stock split "). the board will determine the final split ratio after stockholder approval and would retain the authority to abandon the reverse stock split at any time or to delay or postpone it.
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