From Nasdaq.

August 5, 2024 09:30 AM:

This week, several companies are undergoing stock splits to adjust the number of outstanding shares. Companies like Xylo Technologies, TC Biopharm, Greenlane Holdings, Scott’s Liquid Gold, Poseidon Nickel, BioVie Inc, Yankuang Energy Group, MicroStrategy, Elementos Ltd, Innovate Corp, and Southern Copper are all making adjustments to their stock prices.

Xylo Technologies, in partnership with advanced medical solutions, e-commerce, and electric vehicle sectors, is undergoing a 1-for-2.67 reverse stock split of its American depositary shares. TC Biopharm is gearing up for a reverse stock split of one-for-ten, while Greenlane Holdings is going for a one-for-11 reverse stock split. Meanwhile, Scott’s Liquid Gold’s planned reverse stock split has been delayed due to regulatory hurdles.

Poseidon Nickel is offering a one-for-three non-renounceable rights issue to raise capital for exploration activities. BioVie Inc approved a reverse stock split of one-for-ten shares, and Yankuang Energy is undergoing a stock split of 1.3-for-one. MicroStrategy announced a ten-for-one stock split to make its stock more accessible to employees and shareholders. Elementos Ltd is offering a rights issue of one-for-six existing ordinary shares, plus a rights placement offer of one-for-two new shares issued. Innovate Corp is gearing up for a one-for-ten reverse stock split, and Southern Copper has announced a stock split in the form of a stock dividend in the ratio of 0.99-for-one.

For more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.

Read more at Nasdaq: Upcoming Stock Splits This Week (August 5 to August 9) – Stay Invested