Virgin Islands is proposing a stock split and increase in the authorized number of shares, aiming to enhance the liquidity and marketability of their stock while maintaining the integrity of their capital structure. This proposal aims to benefit the company and its shareholders by potentially attracting new investors, creating a more accessible and affordable stock price, and accommodating future growth opportunities. The Virgin Islands Proposal for the Stock Split and Increase in the Authorized Number of Shares is a strategic move that allows the company to increase its number of outstanding shares, while proportionally decreasing the stock price per share. By doing so, the overall market value of the company is not affected, but rather distributed across a larger number of shares. This subdivision of existing shares can make them more attractive to a broader range of investors who may have previously found the stock price too high. The stock split aspect of the proposal involves dividing the company's existing shares into multiple shares, typically at a predetermined ratio (such as 2:1 or 3:1). For example, with a 2:1 stock split, shareholders will receive two additional shares for every one share held. This effectively reduces the price per share by half but maintains the shareholder's proportional ownership in the company. By lowering the share price, the stock becomes more affordable and potentially more appealing to retail investors. In tandem with the stock split, the proposal also includes an increase in the authorized number of shares. The authorized number refers to the maximum number of shares a company can issue to raise capital. Increasing this limit allows for future flexibility in raising funds through equity offerings without the need for additional approvals or shareholders' meetings. Additionally, it enables the company to pursue potential mergers, acquisitions, or strategic partnerships that may involve issuing new shares. Overall, the Virgin Islands Proposal for the Stock Split and Increase in the Authorized Number of Shares aims to enhance the company's marketability, attract new investors, and provide existing shareholders with better liquidity. This proposal reflects Virgin Islands' commitment to maximizing shareholder value and positioning itself for future growth opportunities.