CareMax Executes Reverse Stock Split, Adjusts Fiscal Year

CareMax (CMAX) has released an update to notify the public and investors about corporate charter and bylaws modifications.

CareMax, Inc. has executed a one-for-thirty reverse stock split of its Class A common stock, following approval from its stockholders and the Board of Directors. The move, aimed at consolidating shares and potentially boosting stock value, became effective at the close of January 31, 2024. This strategic financial restructuring is part of the company’s efforts to refine its capital structure.

For further insights into CMAX corporate activity, check out TipRanks’ Insiders Trading Activity page.

For a comprehensive understanding of the announcement, you can read the full document here.