These are the upcoming stock splits for the week of April 7 to April 11, 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. 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 for retail investors. Let’s take a look at the upcoming stock splits for the week.
Newegg Commerce (NEGG) – Newegg Commerce is an American e-commerce retailer that sells consumer electronics, PC hardware, gaming peripherals, home appliances, automotive and lifestyle technology products. On March 14, Newegg announced a one-for-20 reverse stock split of its common shares to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. NEGG stock is expected to start trading on a split-adjusted basis on April 7.
Safe and Green Development Corp. (SGD) – SGH Corp. engages in the development, designing, and fabrication of modular structures, with the aim to build safe and green construction. The company manufactures purpose built, prefabricated modules from wood, steel, and shipping containers into supreme structures. On March 10, SGD’s board approved a stock dividend for its common stockholders. Accordingly, each shareholder will receive 0.05 additional shares of common stock for each share owned. The record date for the stock dividend is set for April 7.
Linkage Global Inc. (LGCB) – Japan-based Linkage Global engages in cross-border sales and integrated e-commerce services. On April 2, LGCB announced a one-for-10 reverse stock split of its common stock, to be effective on April 7. The stock split is being undertaken to regain compliance with Nasdaq’s continued listing requirements.
Simpple Ltd. (SPPL) – Simpple is a Singapore-based property technology (Proptech) solutions platform that helps property owners and managers manage their facilities autonomously. On April 3, Simpple announced a one-for-eight reverse stock split of its common stock to regain compliance with Nasdaq’s minimum trading price requirement. SPPL stock is expected to start trading on a split-adjusted basis on April 7.
Treasure Global, Inc. (TGL) – Treasure Global is a Malaysian developer of advanced technology platforms. Its proprietary product, ZCITY Super App offers seamless and efficient e-payment solutions by integrating AI (artificial intelligence) to offer personalized rewards. TGL announced a one-for-50 reverse stock split of its common stock, to be effective on April 7. The reverse split is aimed to regain compliance with Nasdaq’s continued listing requirements.
BioNexus Gene Lab Corp. (BGLC) – Malaysia-based BioNexus Gene Lab Corp. offers specialized blood-based genomic screening tests. The company announced a one-for-10 reverse stock split of its common shares to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. BGLC stock is expected to start trading on a split-adjusted basis on April 7.
Twin Vee PowerCats (VEEE) – Twin Vee PowerCats designs, manufactures, and sells recreational and commercial power catamaran boats. On April 4, VEEE announced a one-for-10 reverse stock split to boost the per share trading price of its common stock. VEEE stock is expected to start trading on a split-adjusted basis on April 8.
Quoin Pharmaceuticals (QNRX) – Quoin is a clinical-stage specialty pharmaceutical company engaged in developing novel therapies for the treatment of rare and orphan diseases. QNRX announced a change in the ratio of its ADS (American Depositary Shares) to ordinary shares from one-to-one to one-to-20, to be effective on April 8. The reverse split is being undertaken to comply with Nasdaq’s minimum bid price requirement of $1 per share.
Verity Resources Ltd. (BWNAF) – Australia-based Verity Resources is an exploration company, focused on precious and supply critical metals. On April 4, Verity announced a renounceable rights issue, offering one share for every two shares held, priced at $0.012 per share. The ex-entitlement date for the rights issue is set for April 8.
Ajinomoto Co. Inc. (AJINY) – Ajinomoto is a Japanese food and biotechnology company, with a focus on producing amino acid-based foods. Ajinomoto is set to undertake a two-for-one stock split of its common stock, effective April 9. The split is intended to improve the stock’s visibility and make AJINY stock more accessible to investors.
Amarin Corp. plc (AMRN) – Amarin Corp. is an Irish-American biopharmaceutical company, focused on developing novel treatments for cardiovascular diseases. Amarin announced a one-for-20 reverse stock split of its common shares to maintain compliance with Nasdaq’s minimum bid price requirements. AMRN stock is expected to start trading on a split-adjusted basis on April 11.
HCW Biologics (HCWB) – HCW Biologics is a clinical-stage biopharmaceutical company, focused on developing proprietary immunotherapies for treatment of chronic inflammation, especially age-related and senescence-associated diseases. On April 2, the company’s board approved a one-for-40 reverse stock split of its common shares, to be effective on April 11. The split is being undertaken to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.