These are the upcoming stock splits for the week of January 13 to January 17, 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.
Kenadyr Metals Corp. (KNDYF) – Kenadyr Metals Corp. is a Canadian minerals exploration development and mining company. On January 9, Kenadyr announced a one-for-six reverse stock split of its common stock. Accordingly, KNDYF shares are expected to start trading on a split-adjusted basis on January 13.
TH International Ltd. (THCH) – TH International, popularly known as Tims China, is the parent company of the exclusive master franchisee of the Tim Hortons coffee chain in China, Hong Kong, and Macau. On January 8, THCH announced a one-for-five reverse stock split of its common stock, effective January 13. The split is undertaken to comply with Nasdaq’s minimum bid price requirement for continued listing.
Lazydays Holdings (GORV) – Lazydays Holdings operates a recreational vehicle (RV) dealership, offering RV sales, service, and ownership experiences. The company is expected to undergo a one-for-one rights offering on the record date set for January 13. Each right holder will be entitled to purchase 1.27 shares of the company’s common stock at a cash subscription price of $1.03 per share of GORV common stock.
Orange County Bancorp. (OBT) – Orange County Bancorp. is the holding company that operates the Orange Bank & Trust Company and the Hudson Valley Investment Advisors, Inc. The two units offer community banking and financial services. On December 27, OBT announced that its directors approved a two-for-one stock split to make its shares more affordable. OBT shares are expected to start trading on a split-adjusted basis on January 13.
Evaxion Biotech (EVAX) – Evaxion Biotechnology is an AI (artificial intelligence)-based techbio company that utilizes its AI platform and AI-Immunology mechanism to develop novel therapies for cancer, bacterial diseases, and viral infections. On December 30, EVAX announced a change in the ratio of its ADS (American Depositary Shares) to ordinary shares from one-to-ten to one-to-50. The change in the ADS ratio will have the same effect as a one-for-five reverse ADS split. Effective January 14, the ADS will start trading on a split-adjusted basis to boost the per-share trading price.
Embracer Group AB (THQQF) – Sweden-based Embracer Group is a video game developer and entertainment company. On January 7, shareholders voted in favor of a one-for-six reverse stock split of Embracer’s Class A and Class B common stocks. Accordingly, THQQF shares are expected to start trading on a split-adjusted basis from January 15.
RLI Corp. (RLI) – RLI is an American insurance company that offers specialty insurance and surety bonds for individuals, families, and businesses of all sizes. On November 7, 2024, RLI’s board announced a two-for-one stock split of its common stock to be effective on January 16, 2025. Additionally, the company announced a special cash dividend of $4 per share payable to shareholders of record on November 29, 2024.
Outfront Media, Inc. (OUT) – Outfront Media helps companies advertise their businesses through billboards, transit, and mobile assets across the U.S. On January 8, Outfront Media announced a one-for-1.024549 reverse stock split of its common stock to be effective on January 17. The reverse split was undertaken to offset the dilutive impact of the common stock portion of a special dividend that was paid by the company on December 31, 2024.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
