Sentences with phrase «reverse share split»

Along with the fusion came a long anticipated 1:15 reverse share split.

Pro forma, then we might expect Glassbridge to have an equity deficit of about $ 1.60 per share post reverse share split and Nexsan spinoff IF NOTHING ELSE HAPPENED IN THE 4TH QUARTER (which of course it did, but we're not yet privy to this yet, so this is all a bit fictitious).

In other words, the whole point of a reverse share split is that the company is saying that it's better for you to have one hundred dollar bill rather than five twenty - dollar bills.

In other words, the whole point of a reverse share split is that the company is saying that it's better for you to have one hundred dollar bill rather than five twenty - dollar bills.

Bethesda, MD — Dec. 22, 2016 — ProShares, a premier provider of ETFs, announced today forward and reverse share splits on 13 of its ETFs.

Bethesda, MD, April 25, 2012 — ProShares, the nation's fourth most successful exchange traded fund (ETF) company, 1 announced today share splits on six of its ETFs and reverse share splits on 11 of its ETFs.

Bethesda, MD — October 15, 2014 — ProShares, a premier provider of alternative ETFs, announced today reverse share splits on ten of its ETFs.

Not exact matches

All numbers relating to the Company's ordinary shares and earnings per share have been adjusted to reflect a 1 - for - 3 reverse stock split that became effective on September 6, 2017.

Reverse splits will reduce the number of shares held.»

Shares in IAC InterActive, run by media veteran Barry Diller, rose more than 9 percent Thursday after the company was divided into four publicly traded entities and IAC announced a one - for - two reverse stock split.

It plans a special shareholder meeting to get approval for a reverse stock split that would aim to exchange outstanding shares for a smaller number of consolidated shares, with a price in the range of C$ 10 to $ 20 each.

(You even do a «reverse split,» if necessary, to drive up the share price.)

As a result of the reverse stock split, every 4 outstanding Fund shares (CUSIP # 65340G106) were converted into 1 share (CUSIP # 65340G 205), thereby reducing by a factor of 4 the number of...

As a result of the reverse stock split, every 4 outstanding Fund shares will be converted into 1 share, thereby reducing by a factor of...

As a result of the reverse stock split, every 4 outstanding Fund shares will be converted into 1 share, thereby reducing by a factor of 4 the number of shares outstanding.

DALLAS, Oct. 7, 2015 / PRNewswire / — NexPoint Credit Strategies Fund (the «Fund»)(NYSE: NHF) effected its 1 - for - 4 reverse stock split of the Fund's issued and outstanding shares on October 6, 2015.

Stockholders will be paid cash for any fractional shares resulting from the reverse stock split.

DALLAS, Sept. 30, 2015 / PRNewswire / — NexPoint Credit Strategies Fund (the «Fund»)(NYSE: NHF) today announced its Board of Trustees has approved a 1 - for - 4 reverse stock split of the Fund's issued and outstanding shares to take effect on October 6, 2015.

A reverse split occurs when a company recalls your shares and issues you a fewer number of shares that trade at a higher price.

Not all split stories work like this, however, so be careful speculating on the future share price after a split or reverse split.

John Spence, Web Editor at ETF Trends, states that «ProShares Ultra VIX Short - Term Futures ETF (NYSEArca: UVXY) will reverse split shares 1 - for - 10 after yesterday's closing bell.»

In that opinion, the first to address fee - shifting provisions following ATP, the Delaware Court of Chancery found that a fee - shifting bylaw was inapplicable to a share - holder plaintiff and the class where the bylaw was adopted after a plaintiff had been forcibly cashed out through a reverse stock split.

(Share count has shrunk because to bolster its trading price, Citigroup did a 1 for 10 reverse split on May 9, 2011, leaving shareholders with 1 share for each 10 shares previously Share count has shrunk because to bolster its trading price, Citigroup did a 1 for 10 reverse split on May 9, 2011, leaving shareholders with 1 share for each 10 shares previously share for each 10 shares previously held.

Since then, the shares have undergone a 1:10 reverse split and shares trade around $ 15.85 today.

This share total also reflects the 1:4 reverse stock split the company completed on October 10th.

Both grades share features such as power windows for all doors, roof - mounted second - row HVAC vents, one - touch tumble second - row 60:40 split - folding seats, dual - front airbags, 2 - speaker double - DIN multimedia system with CD, USB and AUX input and parking (reverse) sensors.

For shareholders who hold quantities of shares that are not an exact multiple of the reverse split ratio (for example, not a multiple of 4 for a 1 - for - 4 reverse split), the reverse split will result in the creation of a fractional share.

A reverse split occurs when a company recalls your shares and issues you a fewer number of shares that trade at a higher price.

On the top side, and I did not see any of these, be aware of reverse splits, which can reduce the share count, are a sign of a badly run company, but do nothing for the economics of a firm, aside from keeping them listed on a major exchange.

For example, in a one - for - two reverse split, each stockholder receives one share for every two shares held.

Reverse split: Combine multiple stock shares into one share such that the stockholder's equity (both in total and for the individual stockholder) remains unchanged, but each stockholder holds fewer shares worth more each.

However, what if the share price drops considerably more, the company does a reverse stock split?

It is your responsibility to be prepared for a reverse split, by either selling at your desired price, or buying more shares, so you end with an integer number of shares after the reverse split.

By doing the reverse split, they are reducing the share count to 456 shares.

Let us assume that a corporation announces a reverse 1:10 stock split — i.e. if you own ten shares trading at $ 1, you will have 1 share trading $ 10 after the reverse split is complete.

Most famously and dramatically, the shareholders in Blue Chip Stamps that failed to tender their shares in exchange for Berkshire Hathaway stock in 1983 would only be entitled to $ 700 per share in cash for each share rather than the $ 300,000 per share price of Berkshire Hathaway stock today (though this was in connection with the fractional shares of an acquisition rather than reverse split).

If you owned 100 shares at the initial price of $ 10 per share, for a total investment of $ 1,000, and the price subsequently fell to $ 2 per share, at which time the corporation announced a 1:5 reverse split, you would find yourself sitting on 20 shares worth $ 10 each for a value of $ 200.

The division is pretty simple if you own multiples of 10 shares in this illustration — the reverse split turns 10,000 shares into 1,000; 1,000 shares into 100; and 100 shares into 10 shares.

If the company itself chooses to direct its transfer agent to convert the original shares into partial shares (i.e. turning 107 shares into 10.7 shares after the reverse stock split), the announcement itself will give you this information since it is an alternative to the default rule.

In the above scenario, if those 100,000 shares outstanding that initially traded at $ 10 per share fell to $ 2 per share, and the company wanted to restore the price of the stock, it might issue a 1:5 reverse stock split in which the share count of the business would be reduced to 20,000 shares outstanding that trade at a price of $ 20 per share.

For example, for a 1 - for - 4 reverse split, every four pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced four times higher than the net asset value («NAV») of a pre-split share.

EZTD has also effected a 1 - for - 30 reverse split of its common stock in order to attempt to meet NASDAQ's share price eligibility criteria, one of the several requirements necessary to list on that market.

For example, for a 1 - for - 4 reverse split, every four pre-split shares will result in the receipt of one post-split share, which will be priced four times higher than the NAV of a pre-split share.

The reverse splits will increase the price per share of each ETF with a proportionate decrease in the number of shares outstanding.

For example, for a 1 - for - 3 reverse split, every three pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced three times higher than the net asset value («NAV») of a pre-split share.

And what happens if you own an odd number of shares when your ETF undergoes a reverse split?

It was actually a reverse split meaning that every 10 shares you had became 1 share and the price should be 10x higher.

If the shares of a company trades at $ 0.50 then they might do a 10 to 1 reverse split which means that 10 old shares become 1 new share worth $ 5.00.

Threats to Advanced Nutraceuticals Delisting Attempt: Attack of the 499ers by Cheap Stocks Clyde at Cheap Stocks discusses how Advanced Nutraceuticals might not go through with its reverse split going private transaction because of the number of shareholders purchasing shares below the reverse split level.

If a stock split increases the number of outstanding shares, a reverse stock split does the opposite.