Fathom Digital’s 1-for-20 reverse stock split becomes effective

Fathom Digital “announced that its previously announced 1-for-20 reverse stock split of the Company’s common stock, par value $0.0001 per share, and corresponding common stock adjustment became effective on September 28, 2023. As a result of the reverse stock split, every 20 shares of issued and outstanding common stock have been combined and reclassified into one issued and outstanding share of common stock. The reverse stock split reduced the number of issued and outstanding shares of the Company’s Class A common stock from approximately 70.1 million to approximately 3.5 million. “