Company: PIII
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001832511-25-000025
Chunk: 111

Company: P3 Health Partners Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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Other segment items(2)(3,810)(39,807)(34,063)(83,463)Interest expense, net(20,527)(5,647)(39,397)(15,339)Interest income456 468 1,237 1,291 Loss before income taxes(69,450)(106,455)(154,307)(181,795)Income tax (provision) benefit(11)3,605 (3,065)565 Net loss$(69,461)$(102,850)$(157,372)$(181,230)

P3 Health Partners Inc. | Q3 2025 Form 10-Q | 21

September 30, 2025December 31, 2024(in thousands)Segment assets$82,024 $121,266 __________________(1)Other medical expense includes subcapitation expense, affiliate provider compensation expense, and other non-claim costs.(2)Other segment items include premium deficiency reserve, corporate, general and administrative expense, sales and marketing expense, and miscellaneous income and expense.

Note 12: CapitalizationReverse Stock SplitOn April 11, 2025, 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, and Class V common stock, $0.0001 par value per share, as of that date.The Reverse Stock Split resulted in 163,159,548 shares of Class A common stock being converted to 3,263,093 shares of Class A common stock and 195,956,984 shares of Class V common stock being converted to 3,919,124 shares of Class V common stock. The Board of Directors of the Company approved the Charter Amendment to meet the share bid price requirements of the Nasdaq Capital Market. The Company’s stockholders approved the Charter Amendment at a special meeting held on March 31, 2025.No fractional shares were issued as a result of the Reverse Stock Split. Each stockholder was entitled to receive a cash payment equal to the fraction of a share to which such stockholder would otherwise have been 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