These are the upcoming stock splits for the week of May 12 to May 16, based on TipRanks’ Stock Splits Calendar. A stock split is a strategic move by a company to increase the number of its outstanding shares by issuing more to current shareholders. While the total value of the company doesn’t change, the stock price is reduced proportionally.
On the flip side, companies can also carry out a reverse stock split, which consolidates shares and reduces the total count. While each share becomes more valuable, the overall market cap stays the same – just like with a regular split, only in reverse.
Companies often carry out stock splits to boost liquidity and make their shares appear more accessible to retail investors. Meanwhile, reverse stock splits play a more defensive role, helping firms stay in line with exchange rules like Nasdaq’s minimum price requirement and sidestep the threat of delisting.
Let’s take a look at the upcoming stock splits for the week.
Cyclacel Pharmaceuticals ($CYCC) – Cyclacel Pharmaceuticals is a biopharmaceutical company focused on developing innovative medicines for cancer and other serious diseases. On May 7, Cyclacel announced a 1-for-16 reverse stock split to regain compliance with Nasdaq’s minimum bid price requirement. The split will be effective on May 12, with trading on a split-adjusted basis beginning that day.
Solidion Technology ($STI) – Solidion Technology is an advanced battery technology solutions provider. The company announced a 1-for-50 reverse stock split, effective May 12, to increase the per-share trading price and maintain Nasdaq listing compliance.
Alzamend Neuro ($ALZN) – Alzamend Neuro is a clinical-stage biopharmaceutical company developing novel products for the treatment of Alzheimer’s disease, bipolar disorder, major depressive disorder, and PTSD. On May 8, the company announced a 1-for-9 reverse stock split to meet Nasdaq’s minimum bid price requirement. The split will be effective on May 12.
Cardio Diagnostics Holdings ($CDIO) – Cardio Diagnostics Holdings is a precision cardiovascular medicine company that leverages artificial intelligence and DNA testing to enhance heart health assessment and management. On May 8, the company announced a 1-for-30 reverse stock split to regain compliance with Nasdaq’s minimum bid price requirement.
Moolec Science ($MLEC) – Moolec Science is a science-based food ingredient company focused on developing animal proteins in plants through molecular farming. The company announced a reverse stock split, effective May 14, to meet Nasdaq’s minimum bid price requirement.
TransCode Therapeutics ($RNAZ) – TransCode Therapeutics is a biopharmaceutical company focused on developing RNA-targeted therapeutics for cancer. The company announced a 1-for-28 reverse stock split, effective May 15, to increase the per-share trading price and maintain Nasdaq listing compliance.
Peoples ($PPLL) – Peoples, the parent company of PS Bank, is a community bank serving northeastern Pennsylvania. On April 23, the company declared a 2-for-1 stock split, payable on May 30, to shareholders of record as of May 16.
Tectonic Metals ($TETOF) – Tectonic Metals is a mineral exploration company focused on discovering and developing gold projects in North America. The company has announced a 1-for-10 reverse stock split, scheduled to take effect on May 16. The reverse split coincides with Tectonic’s broader corporate strategy, which includes securing over C$5 million in strategic funding led by Crescat Capital.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
