It is important to note that forward-looking statements in the press release, such as the timing of the distribution of additional shares and the commencement of post-split trading, are subject to risks and uncertainties. This could cause actual results to differ materially from those projected. CorVel, which maintains a GREAT financial health score according to InvestingPro analysis and achieved 12.66% revenue growth in the last twelve months, outlined these risks in annual and quarterly reports filed with the Securities and Exchange Commission. The company stated that it will not update the forward-looking statements to reflect events or conditions after the date they are made, unless required by law. This announcement is based on a press release statement from CorVel Corporation.

As of Monday, for every share of CorVel common stock held, shareholders will now own three shares. The distribution of additional shares is scheduled today, with post-split trading on NASDAQ expected to begin on Thursday, December 26, 2024.

This strategic move aims to make CorVel stock more accessible to a wider base of investors by lowering the price per share without affecting the company’s market capitalization. Stock splits are typically used by companies that have seen large increases in their share price, making them more attractive to individual investors.

It is important to note that forward-looking statements in the press release, such as the timing of the distribution of additional shares and the commencement of post-split trading, are subject to risks and uncertainties. This could cause actual results to differ materially from those projected. CorVel outlines these risks in annual and quarterly reports filed with the Securities and Exchange Commission.

The company states that it will not update forward-looking statements to reflect events or circumstances after the date they are made, except as required by law. This announcement is based on a press release statement from CorVel Corporation.

In other recent news, CorVel Corporation announced a three-for-one forward stock split. This decision, approved by the Board of Directors, also includes a proportional increase in the number of authorized shares of common stock. The stock split is contingent on an amendment to the company’s Fourth Amended and Restated Certificate of Incorporation, which is expected to be filed soon. After this, each common share of stock held on the record date will be converted into three shares of common stock.

The President, CEO, and Chairman of CorVel, Michael G. Combs, explained that this move is the result of the great growth in the company’s stock price in recent years, which is attributed to the strong financial performance and strategic initiatives. The split is intended to make the company’s stock more accessible to potential investors.

The stock is expected to begin trading on a post-split adjusted basis soon, subject to final approval by the Nasdaq Global Select Market. This is part of the company’s new developments. However, it is important to note that the company’s news release contains forward-looking statements that are subject to risks and uncertainties. Investors are advised to consider the risk factors set forth in CorVel’s Annual Report and other SEC filings.

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