West Virginia 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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Multi-State
Control #:
US-CC-3-214E
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Word; 
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This sample form, a detailed Proposal to Amend the Amended and Restated Articles of Incorporation to Effect a Reverse Stock Split of Common Stock and to Authorize a Share Dividend on the Common Stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock
  • Preview Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock

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

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.

Listing Rule 5250(b)(4) will require companies to provide public notice of a reverse split, using a Reg FD-compliant method, no later than p.m. ET at least two business days prior to the proposed market effective date.

Key Takeaways. A company performs a reverse stock split to boost its stock price by decreasing the number of shares outstanding. A reverse stock split has no immediate effect on the company's value, as its market capitalization remains the same after it's executed.

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.

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.

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.

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.

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.

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West Virginia Proposal to amend articles of incorporation to effect a reverse stock split of common stock and authorize a share dividend on common stock