Overview:
Upcoming stock splits for the week of July 29 to August 2, highlighting both standard and reverse stock splits.
Companies:
Meta Data Limited ADS (AIU)
Action: 1-for-5 reverse stock split.
Reason: Comply with NYSE's minimum bid price requirement.
Effect Date: July 29.
Ashford Inc. (AINC)
Action: 1-for-10,000 reverse stock split followed by a 10,000-for-1 forward stock split.
Reason: Delist from NYSE American to save expenses.
Approval Date: July 22.
Sacks Parente Golf, Inc. (SPGC)
Action: 1-for-10 reverse stock split.
Reason: Comply with Nasdaq’s minimum bid price requirement.
Effect Date: July 30.
Concord Medical Services Holding Ltd. (CCM)
Action: 1-for-10 reverse stock split.
Reason: Comply with NYSE’s minimum pricing requirement.
Effect Date: July 30.
Viridien SA (CGGYY)
Action: 1-for-100 reverse stock split.
Effect Date: July 31.
XMReality AB (XMMRF)
Action: Rights issue in the ratio of 1-for-1 share.
Effect Date: August 1.
Purpose:
Stock splits are often conducted to improve liquidity and make shares more affordable for investors. Reverse stock splits are used to meet exchange requirements.
Conclusion:
Investors should stay informed about these corporate actions, which can impact stock liquidity and compliance with exchange regulations.
Upcoming stock splits for the week of July 29 to August 2, highlighting both standard and reverse stock splits.
Companies:
Meta Data Limited ADS (AIU)
Action: 1-for-5 reverse stock split.
Reason: Comply with NYSE's minimum bid price requirement.
Effect Date: July 29.
Ashford Inc. (AINC)
Action: 1-for-10,000 reverse stock split followed by a 10,000-for-1 forward stock split.
Reason: Delist from NYSE American to save expenses.
Approval Date: July 22.
Sacks Parente Golf, Inc. (SPGC)
Action: 1-for-10 reverse stock split.
Reason: Comply with Nasdaq’s minimum bid price requirement.
Effect Date: July 30.
Concord Medical Services Holding Ltd. (CCM)
Action: 1-for-10 reverse stock split.
Reason: Comply with NYSE’s minimum pricing requirement.
Effect Date: July 30.
Viridien SA (CGGYY)
Action: 1-for-100 reverse stock split.
Effect Date: July 31.
XMReality AB (XMMRF)
Action: Rights issue in the ratio of 1-for-1 share.
Effect Date: August 1.
Purpose:
Stock splits are often conducted to improve liquidity and make shares more affordable for investors. Reverse stock splits are used to meet exchange requirements.
Conclusion:
Investors should stay informed about these corporate actions, which can impact stock liquidity and compliance with exchange regulations.