Washington Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
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How to fill out Proposal To Amend Articles Of Incorporation To Effect A Reverse Stock Split Of Common Stock And Authorize A Share Dividend On Common Stock?
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FAQ
Reverse stock splits work the same way as regular stock splits but in reverse. A reverse split takes multiple shares from investors and replaces them with fewer shares. The new share price is proportionally higher, leaving the total market value of the company unchanged.
Reverse stock splits work the same way as regular stock splits but in reverse. A reverse split takes multiple shares from investors and replaces them with fewer shares. The new share price is proportionally higher, leaving the total market value of the company unchanged.
ARMOUR's common stock will continue trading on the NYSE under the symbol "ARR" but will be assigned a new CUSIP number. The Company believes that existing stockholders will benefit from the ability to attract a broader range of investors as a result of the reverse stock split and a higher per share stock price.
The number of outstanding shares of Common Stock will be decreased as a result of a Reverse Stock Split, but the number of authorized shares of Common Stock will not be so decreased.
If a company does not reduce its authorized shares in proportion to a reverse split?and it can elect not to do so?the company will be able to issue more shares in the future which will dilute the existing shares that were reduced as a result of the reverse stock split.
Reverse stock split The holder of an option contract will have the same number of contracts with an increase in strike price based on the reverse split value. The option contract will now represent a reduced number of shares based on the reverse stock split value.
In the example of a 2-for-1 split, the share price will be halved. Thus, while a stock split increases the number of outstanding shares and proportionally lowers the share price, the company's market capitalization remains unchanged.
Will the ticker symbols or CUSIP numbers change? The ticker symbol of a fund undergoing a forward split or reverse split does not change. However, a new CUSIP number will be issued for a fund undergoing a reverse split.