Upcoming Corporate Actions: Stock Splits and Reverse Splits
Investors, mark your calendars! Several companies are gearing up for stock splits and reverse stock splits in the coming week, starting September 30. A stock split is a strategic move by companies to increase liquidity, make their shares more affordable, and attract retail investors. On the other hand, reverse stock splits aim to consolidate shares, increasing the share price and meeting exchange listing requirements.
Here are the notable corporate actions scheduled for the week:
Ryanair Holdings (RYAAY) will undergo a five-for-two stock split, effective September 30, changing the ADS-to-ordinary share ratio from 1:5 to 1:2. Lixiang Education Holding Co. (LXEH) will implement a one-for-ten reverse stock split, also effective September 30, altering the ordinary share-to-ADS ratio from 1:10 to 1:100.
Empire Petroleum (EP) will issue rights to its shareholders in a 1:1 ratio, with an ex-date of September 30, aiming to raise $10 million in gross proceeds. ams OSRAM (AUKUF) will execute a ten-for-one reverse stock split, effective September 30, following shareholder approval on June 14.
ZW Data Action Technologies (CNET) will undergo a one-for-four reverse stock split, effective September 30, to regain compliance with Nasdaq’s minimum bid price requirement. Sonnet Biotherapeutics (SONN) will implement a one-for-eight reverse stock split, also effective September 30, to increase its per-share trading price.
Si6 Metals (BWNAF) will issue a 1:1 rights offering to raise funds for exploration projects and seek shareholder approval for a future one-for-20 reverse stock split. Super Micro Computer (SMCI) will execute a ten-for-one stock split, effective October 1.
Q Precious & Battery Metals Corp. (BTKRF) will undergo a ten-for-one reverse stock split, effective October 1, to improve its per-share trading price and liquidity. LakeShore Biopharma (LSB) will implement a ten-for-one reverse stock split, effective October 4, following shareholder approval on September 27.
Secom Co. Ltd. (SOMLY) will execute a two-for-one stock split, effective October 2. Nitto Denko (NDEKY) will implement a five-for-one stock split, also effective October 2. AGBA Group Holding (AGBA) will undergo a forward stock split in the ratio of 1.9356, effective October 2.
Cauldron Energy Ltd. (CAULF) will issue new securities, with a record date of October 3. ADiTx Therapeutics (ADTX) will execute a one-for-40 reverse stock split, effective October 2. GoldHaven Resources (GHVNF) will undergo a one-for-four reverse stock split, effective October 2.
Bonjour Holdings Ltd. (BJURF) will implement a one-for-twenty reverse stock split, effective October 3. Lam Research (LRCX) is expected to undergo a ten-for-one stock split, effective October 3. 36Kr Holdings (KRKR) will execute a one-for-20 reverse stock split, effective October 3.
Biodexa Pharmaceuticals (BDRX) will implement a one-for-25 reverse stock split, effective October 4. Sify Technologies Ltd. (SIFY) will undergo a one-for-six reverse stock split, effective October 4. Streamline Health Solutions (STRM) will execute a one-for-15 reverse stock split, effective October 4.
Stay informed about upcoming corporate actions and stock splits with the TipRanks Stock Splits Calendar.
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