The Joint Corp. Set to Join S&P SmallCap 600

Rhea-AI Summary

On May 24, 2021, S&P Dow Jones Indices announced that The Joint Corp. (JYNT) will replace Cubic Corp. (CUB) in the S&P SmallCap 600 index effective May 27, 2021. This change is part of an acquisition process where Veritas Capital is acquiring Cubic, pending final closing conditions. The addition of The Joint Corp. represents a strategic shift in the index, as it falls under the Health Care sector, unlike Cubic, which is in the Industrials sector.

Positive

• The Joint Corp. is set to be added to the S&P SmallCap 600 index, which may enhance its visibility and liquidity among investors.
• The transition to the Health Care sector could attract potential investors focusing on that sector.

Negative

• None.

NEW YORK, May 24, 2021 /PRNewswire/ -- The Joint Corp. (NASD:JYNT) will replace Cubic Corp. (NYSE:CUB) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, May 27. Veritas Capital is acquiring Cubic in a deal expected to be completed soon pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
May 27, 2021	S&P SmallCap 600	Addition	The Joint	JYNT	Health Care
	S&P SmallCap 600	Deletion	Cubic	CUB	Industrials

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

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View original content:http://www.prnewswire.com/news-releases/the-joint-corp-set-to-join-sp-smallcap-600-301298129.html

SOURCE S&P Dow Jones Indices

FAQ

When will The Joint Corp. join the S&P SmallCap 600?

The Joint Corp. will join the S&P SmallCap 600 prior to the opening of trading on May 27, 2021.

What company is being replaced in the S&P SmallCap 600?

Cubic Corp. (CUB) is being replaced by The Joint Corp. (JYNT) in the S&P SmallCap 600.

What are the implications of The Joint Corp.'s addition to the S&P SmallCap 600?

The addition may enhance The Joint Corp.'s visibility and potentially attract more investment due to its inclusion in a key index.

Who is acquiring Cubic Corp.?

Cubic Corp. is being acquired by Veritas Capital.

What is the significance of the S&P SmallCap 600 index?

The S&P SmallCap 600 index is a key measure of the U.S. small-cap equity market, tracking the performance of 600 small-cap companies.