These are the upcoming stock splits for the week of December 23 to December 27, 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.
iCoreConnect Inc. (ICCT) – iCoreConnect Inc. is a cloud-based software and technology solutions provider that helps enhance workflow productivity and profitability in the healthcare space. On December 19, the company filed an amendment to its amended and restated certificate of incorporation with regard to a 1-for-20 reverse stock split of its common stock.
The reverse stock split became effective on December 20, 2024, and ICCT shares will start trading on a split-adjusted basis on December 23, 2024.
Geopacific Resources Limited (GPACF) – Geopacific Resources Limited is an Australian mining and exploration company primarily focused on the development of the Woodlark Gold Project in Papua New Guinea. Recently, the company announced a renounceable pro-rata entitlement offer on the basis of 1.69 new ordinary fully paid shares for every 1 share held, at an offer price of AU$0.02 per share to raise about AU$40 million (before costs).
Among other things, the company said that it intends to use the proceeds from this offer to pursue a 30,000m drilling program that will expand gold mineralization and test new targets, with the aim of increasing the current 1.67 Moz gold mineral resource.
DigitalX Limited (DGGXF) – DigitalX is a technology and investment company that is focused on growing the blockchain economy through its digital asset funds management business, digital fintech products, and blockchain ventures. The company recently announced a pro-rata, non-renounceable 1-for-8 rights issue at a price of $0.047 per new share (ex-date December 23, 2024) to raise approximately $5.09 million.
Bionomics Ltd. ADR (BNOX) – Bionomics Limited is a clinical-stage biotechnology company that is focused on developing novel, allosteric ion channel modulators to treat patients suffering from serious central nervous system (CNS) disorders with high unmet medical needs. Recently, the company announced a Scheme Implementation Agreement for the proposed re-domiciliation to the United States.
Neuphoria Therapeutics Inc. is a new parent company that was incorporated in the U.S. State of Delaware for the purpose of the re-domiciliation of Bionomics. Under this arrangement, holders of American Depositary Shares (ADS) of Bionomics will receive one share of common stock in Neuphoria for every 12 ADS held in Bionomics, effective December 24, 2024.
China Liberal Education Holdings Ltd. (CLEU) – China Liberal Education Holdings Limited offers technological consulting services for smart campus solutions and other educational services. On December 20, the company announced a 1-for-15 reverse stock split. Shares will start trading on a post-consolidation basis on December 24.
Metavesco. (MVCO) – Metavesco is a diversified holding company that acquires and manages assets across multiple sectors, including consumer packaged goods and staffing services. On December 20, the company announced a stock split, under which each share of common stock will convert into 100 shares, effective the close of trading on December 23, 2024. Shares will start trading on a split-adjusted basis on December 24, 2024.
Canoo Inc. (GOEV) – Canoo manufactures electric cargo vehicles for large commercial, government, and fleet customers globally. On December 20, the company announced a 1-for-20 reverse stock split of its common stock, which will become effective on December 24, 2024.
Through this stock split, the company aims to be in compliance with the minimum bid price requirement for maintaining the listing of its common stock on Nasdaq. It also intends to make its bid price more attractive to a broader group of institutional and retail investors.
Ostin Technology Group Co., Ltd. (OST) – China-based Ostin Technology offers display modules and polarizers. On December 19, the company announced a 1-for-10 reverse stock split. Shares will start trading on a split-adjusted basis on December 26, 2024. The reverse share split is part of the company’s efforts to regain compliance with the Nasdaq’s minimum bid price listing requirement of at least $1.00 per share.
CorVel (CRVL) – On December 13, CorVel announced a 3-for-1 stock split of its common stock. CEO Michael G. Combs stated that CRVL stock has seen “extraordinary growth over the past several years,” driven by solid financial results and the successful execution of the company’s strategic plan. The CEO believes that the stock split will increase the accessibility of its stock to potential investors.
Keisei Electric Railway Co. (KELRF) – Keisei Electric Railway is a Japan-based railway transportation provider. The company announced a 3-for-1 stock split of its common shares.
Japan Real Estate Investment Corp. (JREIF) – Japan Real Estate Investment Corp. invests in real estate and related properties. Recently, the company announced a 5-for-1 stock split to boost liquidity and attract more individual investors, effective December 27, 2024.
Unicharm Corporation (UNCHF) – Unicharm Corporation is a Japan-based company that offers an extensive range of consumer products, including feminine care, baby and child care, household cleaning, and pet care. The company announced a 3-for-1 stock split to lower the per-share price and boost the liquidity of its shares.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
