These are the upcoming stock splits for the week of April 14 to April 18, 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 take a look at the upcoming stock splits for the week.
Highest Performances Holdings (HPH) – China-based Highest Performances Holdings is a fintech company that engages in asset allocation and wealth management services. HPH announced a change in the ratio of its ADS (American Depositary Shares) to ordinary shares from two-to-three to one-to-90, to be effective on April 14. The ADS ratio change will have the same effect as a one-for-60 reverse stock split on its ADS.
P3 Health Partners (PIII) – P3 Health Partners is a health management services provider that operates with a large team of doctors, clinicians, and support service professionals. On April 5, PIII announced a one-for-50 reverse stock split to boost the per share trading price of its common stock. PIII stock is expected to start trading on a split-adjusted basis on April 14.
WiMi Hologram Cloud (WIMI) – WiMi Hologram Cloud is a Chinese company that offers augmented reality (AR) based holographic cloud services. On April 4, WIMI announced a one-for-20 reverse stock split of its common stock, to be effective on April 14. The split is undertaken to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share.
Scilex Holding Company (SCLX) – Scilex Holding Company engages in acquiring, developing, and commercializing non-opioid pain management products for acute and chronic pain management. On April 11, SCLX announced a one-for-35 reverse stock split of its common shares to regain compliance with Nasdaq’s continued listing requirements. SCLX stock is expected to start trading on a split-adjusted basis on April 15.
Zincore Metals (ZCRMF) – Zincore Metals is a Canadian company that engages in the exploration and development of mineral properties. The company announced a one-for-2.5 reverse stock split of its common stock, to be effective on April 15. The company is also changing its name to “Golden Cross Resources Inc” in connection with the proposed transaction of acquiring 100% of the issued and outstanding shares of BC Subco, which will in turn have a 100% interest in Australia’s Reedy Creek and Providence gold projects (Victoria).
Starbox Group Holdings Ltd. (STBX) – Starbox Group Holdings is a Malaysian technology company. It seeks to create a cash rebate, digital advertising, and payment solution business ecosystem to help micro, small, and medium enterprises develop in-house data management system for effective marketing. The company is undertaking a one-for-14 reverse stock split of its common shares, to be effective on April 15.
Creative Media & Community Trust Corporation (CMCT) – Creative Media & Community Trust Corporation is a real estate investment trust (REIT) company that owns, acquires, and operates premium office spaces and multifamily residential homes in metropolitan communities across the U.S. CMCT announced a one-for-25 reverse stock split of its common stock, to be effective on April 15.
Rover Metals Corp. (ROVMF) – Rover Critical Minerals is a Canadian junior mining company focused on U.S. and Canadian critical minerals. ROVMF stock is expected to undergo a one-for-10 reverse stock split of its common shares, effective April 15.
China Pharma Holdings (CPHI) – China Pharma Holdings is a Chinese pharmaceutical company, engaged in the research and development of prescription and OTC (over-the-counter) drugs as well as nutrition products. CPHI is expected to undertake a one-for-10 reverse stock split of its common shares, to be effective on April 15.
Forge Global Holdings (FRGE) – Forge Global Holdings is a technology-first marketplace that gives investors a chance to invest in pre-IPO (Initial Public Offering) companies. Forge Global announced a one-for-15 reverse stock split of its common stock, to be effective on April 15. The split is aimed to bring FRGE stock into compliance with the New York Stock Exchange’s minimum bid price requirement for continued listing.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
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