Item 8.01 Other Events.
On September 19, 2022, Hippo Holdings Inc. (the "Company" or "Hippo") issued a
press release announcing that its Board of Directors (the "Board") has approved
a 1-for-25 reverse stock split and a corresponding reduction in authorized
shares of capital stock.
Such reverse stock split and corresponding authorized share reduction is
expected to be effected on September 29, 2022, with shares to begin trading on a
split-adjusted basis at market open on September 30, 2022. In connection with
the reverse stock split, every 25 shares of Hippo common stock issued and
outstanding as of the effective date will be automatically converted into one
share of Hippo common stock. The Company's stockholders will be entitled to
receive cash in lieu of any fractional shares they would otherwise be entitled
to receive in the reverse stock split.
A copy of the press release announcing these matters is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number Exhibit Title or Description
99.1 Press Release dated September 19, 2022
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document)
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