Upcoming Stock Splits for August 18-22: Salarius, Entero, Chanson, LanzaTech, GIBO

Several companies are undergoing stock splits this week, including Salarius Pharmaceuticals, Entero Therapeutics, Chanson International Holding, LanzaTech Global, and GIBO Holdings. These splits are either traditional or reverse, aimed at broadening a stock's accessibility or maintaining compliance with exchange rules.

Several companies are scheduled to undergo stock splits this week, with a mix of traditional and reverse stock splits aimed at broadening accessibility or maintaining compliance with exchange rules. Here’s a rundown of the key splits:

Salarius Pharmaceuticals (SLRX) is set to implement a 1-for-15 reverse stock split, effective August 15, with split-adjusted trading beginning on August 18. This move is designed to regain compliance with Nasdaq’s $1.00 minimum bid price requirement [1].

Entero Therapeutics (ENTO) is also planning a 1-for-3 reverse stock split, effective August 18. This action aims to secure its Nasdaq listing by keeping shares in compliance with exchange rules [1].

Chanson International Holding (CHSN) will implement an 80-for-1 reverse split on August 18, aiming to meet Nasdaq’s minimum bid price rule [1].

LanzaTech Global (LNZA) announced a 1-for-100 reverse stock split, effective August 18. This split will decrease the par value of the company’s common stock from $0.0001 to $0.0000001 per share and increase the number of authorized shares from 600 million to 2.58 billion [4].

GIBO Holdings (GIBO) has a 200-for-1 reverse split scheduled for August 20. This move aims to streamline its capital structure and stay in line with listing requirements [2].

These splits are strategic actions that companies take to either attract new investors or maintain compliance with exchange rules. While traditional stock splits increase the number of shares each investor holds, reverse stock splits consolidate shares, reducing the total count and raising the price per share. The overall market value remains unchanged.

Investors should monitor these developments closely, as they can signal important changes in a company’s strategy and compliance status. By understanding these moves, investors can better assess the potential impacts on stock prices and overall market dynamics.

References:
[1] https://www.tipranks.com/news/upcoming-stock-splits-this-week-august-18-to-august-22-stay-invested
[2] https://www.investing.com/news/company-news/gibo-holdings-announces-200for1-share-consolidation-effective-aug-20-93CH-4194830
[3] https://finance.yahoo.com/news/tilray-eyes-reverse-stock-split-162846663.html
[4] https://www.ainvest.com/news/lanzatech-announces-1-100-reverse-stock-split-par-change-2508/