Kentucky Proposal for the Stock Split and Increase in the Authorized Number of Shares
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How to fill out Proposal For The Stock Split And Increase In The Authorized Number Of Shares?
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FAQ
After a stock split, a current stockholder holds more shares, but each share is proportionately worth less. As a result, stock splits do not change the aggregate value of what the stockholder owns or the overall market capitalization of the company.
However, the price per share and the number of shares will change. Although stock splits are fairly insignificant in the long run, they do require approval* from stockholders.
Only those investors who hold shares of a company in their Demat account on the record date are eligible for the stock split.
In a 2-for-1 stock split, the number of outstanding shares is doubled and the price is reduced by half. The total market value (market cap) of the issuer's stock remains the same.
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.
FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action.
The most common split ratios are 2-for-1 or 3-for-1 (sometimes denoted as or ). This means for every share held before the split, each stockholder will have two or three shares, respectively, after the split.
While a stock split is the most common, any other ratio may be used so long as it is approved by the company's board of directors and, in some cases, by shareholders.