These are the upcoming stock splits for the week of January 27 to January 31, 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.
Climeon AB Class B (CLMOF) – Sweden-based Climeon AB is an energy technology company engaged in advanced waste heat recovery technology. Its proprietary HeatPower technology converts low-temperature heat into sustainable electricity. On January 20, Climeon announced one-for-ten reverse stock split of both Class A and Class B ordinary shares. Shares are expected to start trading on a split-adjusted basis effective January 27.
Haoxi Health Technology Ltd. Class A (HAO) – China-based Haoxi Health Technology is a digital marketing company that offers full-case promotion services and full-case advertising solutions. On January 23, Haoxi announced a one-for-25 reverse stock split of its Class A ordinary shares, to be effective on January 27.
Inspire Veterinary Partners Class A (IVP) – Inspire Veterinary Partners operates a chain of small animal general practice clinics across the U.S. On January 22, IVP announced a one-for-25 reverse stock split of its Class A common shares, effective January 27. The split is being undertaken to comply with Nasdaq’s minimum bid price requirement of $1.
Global Interactive Technologies (GITS) – Seoul-based Global Interactive Technologies is a social media platform that aims to promote ideas and conversations on entertainment and cultures as well as content creation and monetization. The company was earlier known as Hanryu Holdings, Inc. The company announced a one-for-20 reverse stock split of its common shares to comply with Nasdaq’s minimum bid price requirement of $1. GITS shares are expected to start trading on a split-adjusted basis on January 27.
Conduit Pharmaceuticals (CDT) – Conduit is a disease-agnostic life science company that works by acquiring assets that are Phase II-ready and then seeks an exit through third-party license deals after successful clinical trials. On January 23, Conduit announced a one-for-100 reverse stock split of its common stock to increase the per share trading price of the stock for continued listing requirements on the Nasdaq. CDT shares are expected to start trading on a split-adjusted basis on January 27.
BioNano Genomics (BNGO) – BioNano Genomics is a provider of genome analysis solutions that enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. On January 22, the company announced a one-for-60 reverse stock split to be effective January 27. The split was undertaken to comply with Nasdaq’s listing rules.
Revelation Biosciences (REVB) – Revelation Biosciences is a clinical-stage biotechnology company that uses its proprietary formulation, Gemini, to harness the power of trained immunity for the prevention and treatment of disease. On January 24, REVB announced a one-for-16 reverse stock split of its common stock to be effective on January 28. The split is being undertaken to boost the per share trading price of REVB’s common share.
Vincerx Pharma Inc. (VINC) – Vincerx Pharma is a clinical-stage biotechnology company that aims to develop novel therapies for the treatment of cancer. On January 23, Vincerx announced a one-for-20 reverse stock split of its common stock, to be effective on January 28.
Wheeler Real Estate Investment (WHLR) – Wheeler Real Estate is a REIT (real estate investment trust) company that owns and manages a portfolio of grocery-anchored shopping centers in secondary and tertiary markets from Florida to Massachusetts. WHLR is set to undergo a one-for-four reverse stock split of its common stock to regain compliance with Nasdaq’s listing requirements. Shares are expected to start trading on a split-adjusted basis on January 28.
Mink Therapeutics (INKT) – Mink Therapeutics is a clinical-stage biopharmaceutical company engaged in developing novel, first-in-class invariant natural killer T (iNKT) cell therapies for the treatment of cancer. On January 24, Mink announced a one-for-ten reverse stock split of its common stock to be effective on January 28.
Qiagen (QGEN) – Netherlands-based Qiagen NV is a medical equipment manufacturing company. On January 16, Qiagen announced the completion of the synthetic share repurchase plan to return up to approximately $300 million to shareholders. The plan involves a direct capital repayment to shareholders along with a reverse stock split that gives the effect of a one-for-1.03 reverse stock split. QGEN shares are expected to start trading on a split-adjusted basis on January 29.
BioLineRX Ltd. Sponsored ADR (BLRX) – BioLineRX is a commercial-stage biopharmaceutical company focused on developing innovative therapies in oncology and rare diseases. On January 17, BioLineRX announced a change in the ratio of its ADS (American Depositary Shares) to ordinary shares from one-to-15 to one-to-600. The change in the ADS ratio will have the same effect as a one-for-40 reverse ADS split. Effective January 30, shares will start trading on a split-adjusted basis.
Advance Residence Investment Corp. (ADZZF) – Japan-based Advance Residence Investment is a REIT company focused on residential markets. On January 7, ADZZF announced a split of its investment units (stock dividend) on a two-for-one basis, to be effective on February 1.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
