Stock Splits to Watch this Week
Stock splits can be an exciting event for investors, as they can impact the liquidity and affordability of shares. This week, several companies are making moves to adjust their share structure through stock splits. Let’s take a closer look at some of the upcoming stock splits for the week of July 29 to August 2.
Meta Data Limited ADS (AIU)
Meta Data Limited ADS, a Metaverse technology company focused on education solutions, recently announced a 1-for-5 reverse stock split to comply with NYSE’s minimum bid price requirement. This move is expected to enhance the company’s share structure while maintaining its market cap. Investors should keep an eye on the split-adjusted ADS as they start trading this week.
Ashford Inc. (AINC)
Ashford Inc., a global asset management company serving real estate and hospitality sectors, has approved a 1-for-10,000 reverse stock split of its shares. Additionally, shareholders have approved a 10,000-for-1 forward stock split of common stock. This decision comes as Ashford looks to delist its shares from the NYSE American exchange, reducing the costs associated with being a publicly traded company.
Sacks Parente Golf, Inc. (SPGC)
Sacks Parente Golf, a technology-forward golf company, announced a 1-for-10 reverse stock split to comply with Nasdaq’s minimum bid price requirement. This adjustment is set to take place on July 30, with shares trading on a split-adjusted basis thereafter. Investors in SPGC should be aware of this upcoming change in share structure.
Concord Medical Services Holding Ltd. (CCM)
Concord Medical Services, a China-based medical service provider focusing on cancer prevention and treatment, has announced a reverse stock split of 1-for-10 ADS. This change in ADS structure is aimed at meeting NYSE’s minimum pricing requirement. Investors should note that the split-adjusted ADS will start trading on July 30.
Viridien SA (CGGYY)
Viridien SA is a technology-based company addressing natural resource and environmental challenges. The company recently underwent a 1-for-100 reverse stock split, with shares set to list on a split-adjusted basis on July 31 on the Euronext stock exchange. Keep an eye on CGGYY shares following this split.
XMReality AB (XMMRF)
XMReality AB, a technology company offering remote visual assistance solutions, approved a rights issue of 1-for-1 share. Existing shareholders will receive subscription rights to purchase new shares at a set price. This rights issue is effective as of August 1. Investors should stay informed about this upcoming event.
Stay Informed with Extreme Investor Network
For more information about historical and upcoming stock splits, be sure to check out the TipRanks Stock Splits Calendar. At Extreme Investor Network, we are dedicated to providing valuable insights and updates on the latest financial news and events. Stay ahead of the curve with our expert analysis and make informed investment decisions.