Lifewallet announces reverse stock split to regain compliance with nasdaq's minimum bid price requirement

Miami, nov. 12, 2024 (globe newswire) -- msp recovery, inc. d/b/a lifewallet (nasdaq: lifw) (“lifewallet,” or the “company”), a medicare, medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced that it will affect a reverse stock split of its class a common stock at a reverse stock split ratio of 1-for-25, effective at 11:59 p.m. on november 15, 2024, in order to regain compliance with the minimum $1.00 bid price per share requirement of nasdaq's marketplace rule 5450(a)(1).
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