1:20, 1:18, 11:10, 1:10, 5:1, 4:1 And More Splits Coming Up: 24 Mega Stocks Splitting From March 25-28

The trading week from March 25 to 28th will be queued a long list of companies splitting in a respective ratio. The highest split will be at 11:10, 1:20, 1:18, and 1:20 by some of the companies.

Share splits are one of the many corporate actions carried out by listed firms. A whopping 24 mega-companies are in queue to split in the last week of March.

During stock splits, the stocks are trending and their demand is usually high. Not just that stock splits have many perks. For instance, a stock becomes affordable once it is adjusted to the sub-division ratio, and it further improves liquidity.

To be eligible for sub-divisions of a stock, investors must hold that stock in their demat account by the end of the record date.

Here is the list of companies that are splitting from March 25th to 28th:

March 25:

A total of six companies are splitting on this day. Three of them are announced by the Bank of Montreal.

1:10 Stock Splits: The Bank of Montreal announced to implement of a 1-for-10 reverse split of three series of its outstanding exchange-traded notes. These are listed on NYSE. These are:

– MicroSectors Travel -3X Inverse Leveraged ETN

– MicroSectors FANG+ Index -3X Inverse Leveraged ETN

– MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN

The reverse split will be effective at the opening of trading on March 25, 2024. Each ETN will begin trading on the NYSE Arca on a reverse split-adjusted basis on that date. Holders of an ETN who purchased that ETN before March 25, 2024, will receive one reverse split-adjusted ETN for every 10 pre-reverse split ETNs.

Further, the bank announced that investors who hold several ETNs that are not evenly divisible by 10 will receive a cash payment for any fractional ETNs remaining.

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BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.3 trillion as of January 31, 2024.

1:18 Stock Splits: Listed on Nasdaq, Homology Medicines has declared a reverse stock split ratio of 1-for-18, such that every 18 shares of Homology common stock will be combined into one issued and outstanding share of common stock. The record date is fixed on March 25, and it expected the adjustments to be effective from March 26.

3:2 Stock Split: Listed on Nasdaq, Interlink Electronics, a world-leading provider of sensors and printed electronic solutions provider, announced a 3-to-2 split on Monday 25, 2024.

1:20 Stock Split: Intrusion Inc. which is a leader in in cyberattack prevention solutions, announced a 1-for-20 reverse stock split of its issued and outstanding shares of common stock, with a par value of $0.01 per share. The 1:20 reverse stock split and entry into the Exchange Agreement are part of the Company’s plan to regain compliance with the minimum bid price requirement of $1.00 for continued listing on Nasdaq.

March 26:

Only 1 stock is scheduled to be split on March 26. It is of Nasdaq-listed ETAO International Co., Ltd.

1:20 Stock Split: A Cayman Islands company, ETAO received approval for 1 for 20 reverse splits of its ordinary shares. Upon the effectiveness of the reverse share split, ETAO shareholders will receive one new ordinary share of ETAO for every twenty shares they hold. ETAO’s ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on March 26, 2024.

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March 27:

3 Stocks are set to split on March 27. These stocks are listed on NYSE, Nasdaq and OTC. They are:

3:1 Stock Splits: Texas Pacific Land Corporation announced a stock split of 3:1 ratio. After the stock split, the stockholder will hold three shares for every share held before the stock split. As a result, the total number of TPL’s issued shares of common stock will be tripled, and the price at which each share of TPL’s common stock trades is expected to be reduced by approximately one-third.

1:10 Stock Split: Longeveron approved a 1-for-10 reverse split of the Company’s Class A common stock. The Reverse Split will automatically convert every ten current shares of the Company’s common stock, whether issued and outstanding or held by the Company as treasury stock, into one share of fully paid and nonassessable common stock.

11:20: US-based Pacific Valley Bank has announced a stock split in the ratio of 11-for-20.

March 28:

On March 28, a whopping 14 stocks will be splitting in various sub-division ratios. These stocks are listed on NYSE, Nasdaq and OTC.

Companies like Texas Pacific Land Corporation, MS&AD Insurance Group Holdings, Sysmex Corporation, Sanrio Co, and Sompo Holdings Inc. will be splitting in the ratio of 3-for-1 aka 3:1.

Companies like Capcom Co Ltd, TDC SOFT Inc, West Japan Railway Company, USS Co. Ltd, EXEO Group, and Old Dominion Freight Line will be splitting in the ratio of 2-for-1 aka 2:1.

Further, Kikkoman Corp will be splitting into a 5:1 ration, and Optimus Group CO will split in a ratio of 4:1. Moreover, DouYu International Holdings announced a split of 1:10, and Mitsubishi Heavy Industries to split by 10:1 ratio.

Pooja Jaiswar Goodreturns
source: goodreturns.in