These are the upcoming stock splits for the week of May 5 to May 9, 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.
Tasman Resources Ltd. (TASEF) – Tasman Resources is an Australian mineral exploration company, with a focus on exploring gold, silver, copper, zinc, lead, nickel, and uranium. The company announced a one-for-five reverse stock split of its common stock, to be effective on May 5.
Sol-Gel Technologies (SLGL) – Israel-based Sol-Gel Technologies is a dermatology company that uses innovation to develop topical treatments for patients with severe skin conditions. On May 1, Sol-Gel announced a one-for-10 reverse stock split of its common shares to regain compliance with Nasdaq’s minimum bid price requirement for continued listing. SLGL stock is expected to begin trading on a split-adjusted basis on May 5.
NewGenIVF Group Ltd. (NIVF) – Hong Kong-based Newgenivf Group offers assisted reproductive services (ARS) in the Asia Pacific region, with the aim of helping couples build families. NIVF’s fertility treatments include in-vitro fertilization (IVF) treatments and surrogacy and ancillary caring services. On May 1, the company announced a one-for-10 reverse stock split of its Class A common shares, to be effective on May 5.
Protagenic Therapeutics (PTIX) – Protagenic Therapeutics is a biotechnology company that develops novel treatments for stress-related disorders like PTSD, depression, anxiety, and drug & alcohol addiction. On April 29, the company’s board approved a one-for-14 reverse stock split of its common stock to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. PTIX stock is expected to start trading on a split-adjusted basis on May 5.
Polyrizon Ltd. (PLRZ) – Israel-based Polyrizon is a biotechnology company that develops innovative intranasal products. It specializes in developing innovative medical device hydrogels delivered in the form of nasal sprays. On May 1, the company announced that it will undergo a one-for-10 reverse stock split of its common stock, to be effective on May 5.
Top KingWin Ltd. (WAI) – Top KingWin is a Chinese firm that engages in providing corporate business training services, consulting services, and advisory and transaction services to small and mid-sized businesses. The company is undergoing a one-for-25 reverse stock split of its common shares to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. WAI stock is expected to start trading on a split-adjusted basis on May 5.
Psyence Biomedical Ltd. (PBM) – Canada-based Psyence Biomedical is a life-science biotechnology company that focuses on the development of botanical (nature derived, or non-synthetic) psilocybin-based psychedelic medicines. On May 1, Psyence Biomedical announced a one-for-7.97 reverse stock split of its common stock, to be effective on May 5.
SharpLink Gaming Ltd. (SBET) – SharpLink Gaming acts as a marketing partner for leading sportsbooks and online casino gaming operators worldwide. On May 1, SBET announced a one-for-12 reverse stock split of its common shares to boost the per share trading price of its common stock. SBET stock is expected to start trading on a split-adjusted basis on May 6.
cbdMD, Inc. (YCBD) – cbdMD produces and distributes a wide variety of cannabidiol (CBD) products in the form of gummies, topicals, and capsules among others. The company is undergoing a one-for-eight reverse stock split of its common stock, to be effective on May 7.
Rafael Holdings (RFL) – Rafael Holdings is a clinical-stage biotechnology company, which recently merged with Cyclo Therapeutics. The combined company aims to deliver breakthrough treatment option for patients with Niemann Pick Type C1. In connection with the merger, Rafael announced a $25 million rights offering of its common shares, to be effective on May 9.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.