ATI Physical Therapy announced that its board approved a one-for-fifty reverse stock split. The reverse stock split was approved by ATI’s stockholders at a meeting yesterday and becomes effective at 4:01 p.m. Eastern Time today.
ATI will open for trading on the NYSE on a reverse split-adjusted basis on June 15, under the existing trading symbol ATIP. The reverse split is intended to increase the market price per share of the company’s stock to regain compliance with the minimum bid continued listing requirement of the NYSE. Read more.
