These are the upcoming stock splits for the week of December 30 to January 3, 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.
WPD Pharmaceuticals Inc. (WPDPF) – WPD Pharmaceuticals has no active operations currently. According to the company, its sole asset is its shares (represents a 7% stake) in its former subsidiary in Poland named WPD Pharmaceuticals Sp. zo.o. The Polish company is a biotechnology research and development company with a focus on oncology.
Earlier this month, WPD announced a 1-for-25 share reverse stock split, effective December 30, to enhance its “flexibility” and make its stock more attractive to potential investors.
Janover, Inc. (JNVR) – Janover is an AI-enabled platform that provides debt capital markets services, real estate syndication software, data and AI licensing, and insurance brokerage solutions to entrepreneurial multifamily and commercial real estate owners, developers, and professionals.
On December 26, the company announced a 1-for-8 reverse stock split to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq. Shares will start trading on a reverse stock split-adjusted basis on December 30.
Unicharm Corporation Sponsored ADR (UNICY) – Unicharm Corporation is a Japanese company that offers consumer products across two categories – baby care and feminine care. Earlier this month, Unicharm announced a 3-for-1 stock split to expand its investor base and boost the liquidity of its shares.
Optinose (OPTN) – Optinose is a specialty pharmaceutical company that is focused on the needs of patients with ear, nose, and throat (ENT) diseases and allergies. On December 26, the company announced a 1-for-15 reverse stock split to regain compliance with the $1.00 minimum closing bid price required for continued listing on the Nasdaq. The reverse stock split will become effective on December 31.
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 to regain compliance with the Nasdaq’s minimum bid price listing requirement of at least $1.00 per share. On December 24, the company revised the effective date of its previously approved reverse stock split to December 31 from December 26.
Coeptis Therapeutics Holdings Inc. (COEP) – Coeptis Therapeutics is a biopharma company focused on pioneering cell therapy platforms for cancer, autoimmune, and infectious diseases. On December 27, the company announced a 1-for-20 reverse stock split to meet the minimum bid price requirement to maintain its listing on the Nasdaq Capital Market. Shares will start trading on a consolidated basis on December 31.
Cara Therapeutics (CARA) – Cara Therapeutics is focused on advancing life-changing therapies for people suffering from chronic pruritus. On December 27, the company announced a 1-for-12 reverse stock split to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq. Shares will start trading on a consolidated basis on December 31.
AtlasClear Holdings, Inc. (ATCH) – AtlasClear Holdings is focused on building a cutting-edge technology-enabled financial services firm that would establish an efficient platform for trading, clearing, settlement, and banking of evolving and innovative financial products.
On December 20, the company announced a 1-for-60 reverse stock split of its common stock that will become effective on December 31, 2024. Shares will commence trading on a split-adjusted basis when the market opens on January 2, 2025.
TC Biopharm (Holdings) Plc Sponsored ADR. (TCBP) – TC Biopharm is a clinical-stage biotechnology company developing “platform allogeneic gamma-delta T cell therapies” for cancer and other indications. On December 18, the company announced a special dividend of 0.25 American Depositary Shares (ADS) for every 1 ADS held by shareholders.
The special dividend is expected to be declared on December 30, 2024, and payable to shareholders who own TCBP stock at the close of trading on January 02, 2025.
Covenant Logistics Group, Inc. (CVLG) – Covenant Logistics offers a portfolio of transportation and logistics services. On December 6, the company announced a two-for-one stock split of its Class A common stock and Class B common stock to make its shares more accessible to investors and employees.
Notably, the stock split will be effected through a stock dividend to the holders of record of Class A common stock and Class B common stock as of the close of business on December 20, 2024. Shares will start trading on a split-adjusted basis at market open on January 2, 2025.
Th International Limited. (THCH) – TH International Limited ( or Tims China) is the parent company of the exclusive master franchisee of Tim Hortons coffee shops for Restaurant Brands International Inc. (QSR) in China, including Hong Kong and Macau.
On December 23, the company announced that at the extraordinary general meeting held on December 20, shareholders passed a 1-for-5 reverse stock split. Shares will commence trading on a consolidated basis on January 2, 2025.
Meritage Homes Corp. (MTH) – Meritage Homes is one of the leading homebuilders in the U.S. Last month, the company announced a 2-for-1 stock split of its common stock in the form of a stock dividend. In particular, shareholders, as of record on December 31, 2024, will receive an additional share of common stock for each stock they hold, payable after the market closes on January 2, 2025. Shares will begin trading on a split-adjusted basis on January 3, 2025.
Allurion Technologie, Inc. (ALUR) – Allurion is focused on addressing obesity and offers the Allurion Program, a weight loss platform. This platform features the Allurion Gastric Balloon, which the company touts as the world’s first and only swallowable, procedureless intragastric balloon for weight loss.
On December 24, the company announced a 1-for-25 reverse stock split to regain compliance with the NYSE minimum price requirement. Shares will start trading on a consolidated basis on January 3, 2025.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
