These are the upcoming stock splits for the week of March 17 to March 21, 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.
Aditxt, Inc. ($ADTX) – Aditxt is a health tech company, focused on prolonging life and enhancing the quality by boosting the health of the immune system. On March 12, Aditxt announced a one-for-250 reverse stock split of its common stock, to be effective on March 17. The reverse split is being implemented to comply with Nasdaq’s minimum bid price requirement of $1 per share.
Blue Hat Interactive Entertainment Technology ($BHAT) – China-based BHAT creates, develops, and operates augmented reality (AR) based smart toys and educational games. On March 12, BHAT announced a one-for-100 reverse stock split of its common stock to regain compliance with Nasdaq’s continued listing requirements. BHAT stock is expected to start trading on a split-adjusted basis on March 17.
Farmmi, Inc. ($FAMI) – Farmmi is a Chinese agricultural technology company, with a focus on promoting edible mushroom products across the globe. Farmmi has subsidiaries in the U.S. and Canada and is strengthening its global supply chain platform. FAMI announced a one-for-12 reverse stock split of its common shares, to be effective on March 17. The split is undertaken to regain compliance with Nasdaq’s continued listing requirement.
Workhorse Group ($WKHS) – Workhorse Group manufactures battery-electric vehicles, with a focus on developing drone-integrated vehicles for the last-mile delivery sector. WKHS announced a one-for-12.5 reverse stock split of its common stock to boost the per share trading price of its common shares and regain compliance with Nasdaq’s continued listing requirements. WKHS stock is expected to start trading on a split-adjusted basis on March 17.
Sacks Parente Golf, Inc. ($SPGC) – Sacks Parente Golf designs and manufactures high-performance golf equipment. On March 11, SPGC announced a one-for-30 reverse stock split of its common shares along with a name change to Newton Golf Company. On March 17, the company’s common shares are expected to start trading on a split-adjusted basis under a new ticker symbol “NWTG.”
SAIHEAT Ltd. ($SAIH) – SAIHEAT is a Singapore-based technology company, with a focus on developing Advanced Computing Center Ecosystem (ACCE). The company’s ACCE infrastructure features high-performance servers, advanced liquid cooling system, and systems for capturing and recycling computing heat. On March 11, SAIH announced a one-for-15 reverse stock split of its common shares to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. SAIH stock is expected to start trading on a split-adjusted basis on March 17.
Wearable Devices Ltd. ($WLDS) – Israel-based Wearable Devices is a technology company, focused on developing a non-invasive neural input interface in the form of a wrist wearable band for controlling digital devices using subtle finger movements. On March 13, WLDS announced a one-for-four reverse stock split of its common shares, to be effective on March 17.
Worksport Ltd. ($WKSP) – Worksport Ltd. is a Canadian technology company, focused on producing tonneau covers for pickup trucks in the U.S. and Canada. The company also develops hybrid and clean energy solutions for the light truck sector. On March 14, WKSP announced a one-for-10 reverse stock split of its common stock to boost the per share trading price of its common stock in compliance with Nasdaq’s minimum bid price requirement. WKSP stock is expected to start trading on a split-adjusted basis on March 18.
Hepion Pharmaceuticals ($HEPA) – Hepion Pharmaceuticals is a clinical-stage biopharmaceutical company engaged in developing AI-driven treatments for a broad spectrum of liver diseases such as non-alcoholic steatohepatitis (NASH), hepatitis, cirrhosis, and cancer. On March 14, HEPA announced a one-for-50 reverse stock split of its common shares, to be effective on March 18. The split is undertaken to boost the per share trading price of its common stock and regain compliance with Nasdaq’s minimum bid price requirement for continued listing.
NAYA Biosciences ($NAYA) – NAYA Biosciences is a life science company that develops innovative therapies for oncology, autoimmune diseases, and women’s health. On March 13, NAYA announced a one-for-12 reverse stock split of its common stock, to be effective on March 18. The split is being undertaken to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share.
Urgent.ly Inc. ($ULY) – Urgent.ly is a technology company that develops digital roadside and mobility assistance technology and solutions for safe driving. On March 13, ULY announced a one-for-12 reverse stock split of its common stock to regain compliance with Nasdaq’s minimum bid price requirement of $1 per share. ULY stock is expected to start trading on a split-adjusted basis on March 18.
Itau Unibanco Holding SA ($ITUB) – Itau Unibanco is a Brazil-based financial services company. On February 5, Itau Unibanco announced a bonus share issue (ratio of one-for-10) of its common stock and preferred stock to holders of record on March 17. ITUB stock is expected to start trading on an ex-bonus rights basis on March 18.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
