These are the upcoming stock splits for the week of March 10 to March 14, 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.
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.
Mobile-Health Network Solutions (MNDR) – Mobile-Health Network Solutions is a Singapore-based tele-health company, offering personalized and reliable medical attention and tele-consultation services. On February 3, MNDR shareholders approved a one-for-eight reverse stock split of its Class A common stock to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. MNDR stock is expected to start trading on a split-adjusted basis on March 10.
Elevai Labs (ELAB) – Elevai Labs now called PMGC Holdings operates through specialized subsidiaries; Northstrive Biosciences, offering specialized skincare solutions and developing biopharmaceutical treatments, Elevai Research, and PMGC Capital, which is a diversified financial services company. on March 6, ELAB announced a one-for-seven reverse stock split of its common stock, to be effective on March 10. The stock split is being undertaken to regain compliance with Nasdaq’s listing requirement.
Ohmyhome Limited (OMH) – Singapore-based Ohmyhome Limited is a technology platform that offers end-to-end property solutions to customers, including home listings, renovations, and brokerage services, among others. On March 6, OMH announced a one-for-ten reverse stock split of its common stock, to regain compliance with Nasdaq’s minimum bid-price requirement of $1 per share. OMH stock is expected to start trading on a split-adjusted basis on March 10.
Abits Group (ABTS) – Abits Group is a digital data center operator with Bitcoin ($BTC-USD) self-mining operations. ABTS announced a one-for-15 reverse stock split of its common stock, to be effective on March 10.
M-Tron Industries (MPTI) – M-Tron Industries develops and manufactures radio frequency (RF) components and assemblies for various industries such as radar, space, medical, avionics, and industrial, among others. On February 28, the company’s board announced a one-for-one warrant dividend, entitling shareholders to purchase common stock. The record date is set for March 10, with the warrants expected to be issued on March 11.
Inception Mining (IMII) – Inception Mining, now known as Blusky AI Inc. offers mining consulting and advisory services. On March 7, Blusky AI announced a one-for-1,000 reverse stock split of its common stock, to be effective on March 10.
Kuke Music Holding Ltd. (KUKE) – Kuke Music Holding provides classical music licensing, subscription, and smart education services in China. On March 3, Kuke announced a change in the ratio of its ADS (American Depositary Shares) to ordinary shares from one-to-one to one-to-10. The change in the ADS ratio will have the same effect as a one-for-10 reverse ADS split. Effective March 13, KUKE stock will start trading on a split-adjusted basis.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.