These are the upcoming stock splits for the week of March 24 to March 28, 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 take a look at the upcoming stock splits for the week.
StoneX Group (SNEX) – StoneX Group is a financial services company, offering trading platforms, payment solutions, risk management, clearing and custody, and advisory and investing services to clients worldwide. On February 5, the company’s board approved a three-for-two stock split in the form of stock dividend to make its common stock more accessible to employees and investors. Accordingly, the company distributed one additional common share for every two shares held, after the market closed on March 21. SNEX stock is expected to start trading on a split-adjusted basis on March 24.
Angi Inc. (ANGI) – Angi is a home services portal, enabling homeowners get their home projects done well and helping home service providers to grow their business. The company’s board approved a one-for-ten reverse stock split of its Class A and Class B common shares, to be effective on March 24. Moreover, the board of directors of Angi’s controlling stakeholder, IAC Inc. (IAC) have approved for the company’s planned spin-off from IAC.
Jaguar Health (JAGX) – Jaguar Health is a commercial-stage pharmaceuticals company, engaged in developing innovative plant-based prescription medicines for treatment of gastrointestinal distress. On March 18, Jaguar Health announced a one-for-25 reverse stock split of its common shares to regain compliance with Nasdaq’s continued listing requirements. JAGX stock is expected to start trading on a split-adjusted basis on March 24.
Zoomcar Holdings (ZCAR) – India-based Zoomcar Holdings operates a car-sharing marketplace in the country, connecting millions of guests with hosts. On March 20, Zoomcar announced a one-for-20 reverse stock split of its commons stock to boost the per share trading price to at least $1 per share, in compliance with Nasdaq’s listing requirements. ZCAR stock is expected to start trading on a split-adjusted basis on March 24.
Universe Pharmaceuticals Inc. (UPC) – China-based Universe Pharmaceuticals specializes in manufacturing and marketing of traditional Chinese medicine derivatives (TCMD) products, focused on the elderly population and their well-being. On March 20, UPC announced a one-for-40 reverse stock split of its common shares to regain compliance with Nasdaq’s continued listing requirements. UPC stock is expected to start trading on a split-adjusted basis on March 24.
SHF Holdings (SHFS) – Safe Harbor Financial is a financial technology company, offering specialized banking services to the cannabis industry through its partner financial institutions. On March 20, SFH Holdings announced a one-for-20 reverse stock split of its common shares, to be effective on March 24. The reverse split is intended to increase the per-share trading price of SHFS stock in accordance with Nasdaq’s minimum bid price requirement of $1 per share.
Xcel Brands (XELB) – Xcel Brands operates a media and consumer goods portal, focused on designing, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, home goods, and accessories. On March 21, Xcel announced a one-for-10 reverse stock split of its common shares to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. XELB stock is expected to start trading on a split-adjusted basis on March 25.
Lion Group Holding Ltd. (LGHL) – Hong Kong-based Lion Group Holding operates a professional development platform, offering trading, insurance brokerage, and futures and securities brokerage services. On March 22, LGHL announced LGLLGHannounced a change in the ratio of its ADS (American Depositary Shares) to ordinary shares from one-to-fifty to one-to-2,500. The change in the ADS ratio will have the same effect as a one-for-50 reverse ADS split. Effective March 26, LGHL stock will start trading on a split-adjusted basis.
Graphex Group Ltd. (GRFX) – Hong Kong-based Graphex Group Ltd. engages in the production of spherical graphite for use in Lithium-ion battery anodes, and also provides professional services to the renewable energy sector. On March 17, GRFX announced a one-for-five reverse stock split of its common stock, to be effective on March 26.
Splash Beverage Group (SBEV) – Splash Beverage Group owns a growing portfolio of alcoholic and non-alcoholic beverage brands. The company empowers emerging brands by providing growth capital, beverage leadership experience, back-office resources, and a sales platform to expand distribution breadth and depth. On March 21, the company announced a one-for-40 reverse split of its common stock to regain compliance with the NYSE’s minimum bid price requirement of $0.10 per share. SBEV stock is expected to start trading on a split-adjusted basis on March 28.
ZOZO Inc. (SATLF) – ZOZO is a Japanese company that plans, develops, and provides a variety of services, including fashion e-commerce site, fashion coordination app, and personal styling services. On March 14, ZOZO announced a three-for-one stock split of its common shares to make ZOZO’s stock more accessible to investors and improve its liquidity. SATLF stock is expected to start trading on a split-adjusted basis on March 28.
NEC Corp. (NIPNF) – Japan-based NEC Corp. offers information technology and networking solutions such as cloud computing, AI (artificial intelligence), IoT (Internet of Things), and telecommunications equipment and software. NEC announced a five-for-one stock split of its common shares to improve the stock’s liquidity and visibility. NIPNF stock is expected to start trading on a split-adjusted basis on March 28.
Nomura Real Estate Holdings (NMEHF) – Nomura Real Estate Holdings is a Japanese real estate services provider. The company is set to undertake a five-for-one stock split of its common stock, effective March 28. The split is intended to improve the stock’s liquidity and make NMEHF stock more accessible to investors.
KDDI Corp. (KDDIF) – KDDI Corp. is a Japanese telecommunications services provider. KDDI announced a two-for-one stock split to increase the liquidity of its common shares. KDDIF stock is expected to start trading on a split-adjusted basis on March 28.
Ajinomoto Co. (AJINF) – Ajinomoto is a Japanese food and biotechnology company, with a focus on producing amino acid-based foods. Ajinomoto is set to undertake a two-for-one stock split of its common stock, effective March 28. The split is intended to improve the stock’s visibility and make AJINF stock more accessible to investors.
Taikisha Ltd. (TKIAF) – Taikisha is a Japanese company that designs, constructs, and administers HVAC (Heating, Ventilation, and Air Conditioning) facilities, plumbing facilities, disaster protection systems, waste treatment systems, and electric and instrumentation facilities. Taikisha announced a two-for-one stock split of its common stock, to be effective on March 28.
Dai-ichi Life Holdings (DCNSF) – Japan-based Dai-ichi Life Holdings provides life insurance and pension products services. The company is set to undertake a four-for-one stock split of its common stock, effective March 28. The split is intended to improve the stock’s visibility and attract a broader investor base for DCNSF stock.
Mizuno Corporation (MIZUF) – Japan-based Mizuno designs and manufactures sports equipment and sportswear. Mizuno announced a three-for-one stock split of its common stock to improve the liquidity of its common stock. MIZUF stock is expected to start trading on a split-adjusted basis on March 28.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
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