Company: PIII
Filing Date: 2025-04-17
Form Type: 8-K
Source: 0001628280-25-018083
Chunk: 1

Company: P3 Health Partners Inc.
Filing Date: 2025-04-17
Form: 8-K
Item: Item 5.03
Chunk 1
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Item 5.03

Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On April 11, 2025, P3 Health Partners Inc., a Delaware corporation (the “ Company”) filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the "Charter Amendment") with the Secretary of State of Delaware to effect a 1-for-50 reverse stock split (the "Reverse Stock Split") of the Company's outstanding Class A common stock, $0.0001 par value per share (the “ Class A common stock”), and Class V common stock, $0.0001 par value per share (the “ Class V common stock,” and together with the Class A common stock, the “common stock”). The Reverse Stock Split became effective at 5:00 p. m. Eastern Time on April 11, 2025 (the “ Effective Time”).

As previously reported, at a special meeting of stockholders held on March 31, 2025, and upon the recommendation of the Company’s Board of Directors (the “ Board”), the Company’s stockholders approved amendments to the Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Common Stock at a ratio ranging from any whole number between 1-for-10 and 1-for-60, as determined by the Board in its discretion. On April 1, 2025, the Board approved a final Reverse Stock Split ratio of 1-for-50 and abandoned all other amendments.

As a result of the Reverse Stock Split, at the Effective Time, every 50 shares of the Company's outstanding Class A common stock were automatically converted into one validly issued, fully-paid and non-assessable share of Class A common stock, and every 50 shares of the Company’s outstanding Class V common stock were automatically converted into one validly issued, fully-paid and non-assessable share of Class V common stock, subject to the treatment of fractional shares as described below. The Charter Amendment did not affect the number of authorized shares of common stock or the par value of each share of common stock. No fractional shares will be issued as a result of the Reverse Stock Split. Each stockholder is entitled to receive a cash payment equal to the fraction of a share to which such stockholder would otherwise be entitled multiplied by the closing price per share of the Class A common stock as reported by The Nasdaq Capital Market (as adjusted to give effect to the Reverse Stock Split) on