These are the upcoming stock splits for the week of December 2 to December 6, 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.
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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 look quickly at the upcoming stock splits for the week.
Elixinol Wellness Ltd. (ELLXF) – Australia-based Elixinol Wellness is a global company engaged in producing nutritious ingredients, finished consumer goods, and pet supplements. On November 28, ELLXF announced a one-for-eight reverse stock split of its common stock. Shares are expected to start trading on a split-adjusted basis on December 2.
Landmark Bancorp. (LARK) – Landmark Bancorp. is a holding company that operates through its subsidiary Landmark National Bank to offer community banking and financial services. On October 30, along with its Q3 FY24 results, LARK announced a 5% stock dividend payable to common stockholders of record on December 2. The dividend is payable on December 16.
FTC Solar (FTCI) – FTC Solar provides solar tracker systems, technology, software, and engineering services across the globe. On November 27, FTCI announced a one-for-ten reverse stock split of its common stock to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. FTCI shares are expected to start trading on a split-adjusted basis on December 2.
Mainz Biomed B.V. (MYNZ) – Netherlands-based Mainz Biomed B.V. is focused on developing and marketing molecular genetic diagnostic solutions for life-threatening conditions such as cancer. On November 29, MYNZ announced a one-for-40 reverse stock split of its common stock to regain compliance with Nasdaq’s continued listing requirements. MYNZ shares are expected to start trading on a split-adjusted basis on December 3.
Commerce Bancshares (CBSH) – Commerce Bancshares is a regional bank holding company offering banking and other financial services. Along with its Q3 FY24 results on October 25, CBSH announced a 5% stock dividend on its common shares, payable to record holders as of December 3.
Lodestar Minerals Limited (LSMLF) – Australia-based Lodestar Minerals is a mineral exploration and development company, with a focus on copper and gold mining. On November 29, LSMLF announced a one-for-20 reverse stock split of its common stock, effective December 3.
Arista Networks (ANET) – Arista Networks is a technology company offering data-driven, client-to-cloud networking solutions for large data centers, artificial intelligence (AI) applications, campus, and routing environments. On November 19, ANET announced a four-for-one stock split of its common stock. ANET shares are expected to start trading on a split-adjusted basis on December 4.
Manhattan Corporation Limited (MHTZF) – Manhattan Corporation is an Australian mining company that is focused on the exploration of lithium and gold mines. The company announced a one-for-20 reverse stock split of common shares. MHTZF shares are expected to start trading on a split-adjusted basis on December 4.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
