These are the upcoming stock splits for the week of July 29 to August 2, based on TipRanks’ Stock Splits Calendar. A stock split is a corporate action in which, the company issues additional common shares to increase the number of outstanding shares of the company. Accordingly, the stock price of the company’s shares decreases, which maintains the market capitalization before and after the split. In contrast, there are also reverse stock splits that reduce the number of outstanding shares (consolidate). In this case, too, the market cap is maintained as the share price increases following the reverse stock split.
Companies often undertake stock splits to improve the liquidity of the common shares and make them more affordable to common investors. Let’s look quickly at the upcoming stock splits for the week.
Meta Data Limited ADS (AIU) – Meta Data operates as a core Metaverse technology company and offers solutions to the education field. The company provides technical solutions for creating smart campuses, smart training, and AI (artificial intelligence) computing power. On July 19, Meta Data announced a 1-for-5 reverse stock split (consolidation) of its common shares to comply with the New York Stock Exchange’s (NYSE) minimum bid price requirement for its ADS (American depositary shares). The reverse stock split took effect this morning, and the ADS are expected to start trading on a split-adjusted when markets open.
Ashford Inc. (AINC) – Ashford Inc. is a global asset management company that offers asset management, investment management, and related services to the real estate and hospitality sectors. On July 22, Ashford announced that shareholders approved a 1-for-10,000 reverse stock split of AINC shares in a Special meeting. Moreover, shareholders approved a forward stock split of 10,000-for-1 of its common stock. This decision was taken to delist Ashford’s common shares from the NYSE American exchange to save the expenses associated with being a publicly traded company.
Sacks Parente Golf, Inc. (SPGC) – Sacks Parente Golf is a…
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