The Company intends to send shareholders, on Thursday, August 24, 2006, information on share certificates and share ownership after the stock split
at the address of which the Company has been notified.
The stock split
will double the total number of its outstanding shares of common stock.
Since 1996, when there were 643 stock splits
, totals have trended downward, reports Thomson Financial Securities Data.
We examine how the institutional ownership and the number of shareholders of a firm change after the announcement of a stock split
. Thus, our study provides additional insight into which hypothesis best explains managements' motives for issuing stock splits
In connection with the reverse stock split
, the company's common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market at the commencement of trading on 21 May 2019 under the existing symbol ONCS and new CUSIP number 68234L306 .
Following the reverse stock split
, the company will reduce the number of outstanding shares of its common stock from 36.06 million shares to 2.40 million shares.
(NYSE:DSU) approved a 1-for-3 reverse stock split
of the fund's common stock, the company said.
Sonus Networks (NASDAQ: SONS) said that its previously disclosed 1-for-5 reverse stock split
went into effect January 29, 2015.
The reverse stock split
will affect all shares of the company's common stock outstanding immediately prior to the effective time of the reverse stock split
, as well as the number of shares of common stock available for issuance under the company's equity incentive plans.
"There are a couple of reasons for a company to announce a stock split
," says Walter Clark, vice president and investment officer at Wheat First Butcher Singer in Washington, D.C.