MicroStrategy up 5% pre-market after 10-for-1 stock split announcement

Quick Take

MicroStrategy has announced a 10-for-1 banal split for its people A and people B communal stock. This determination aims to marque the company’s banal much accessible to a broader scope of investors and employees.

The divided volition beryllium implemented via a banal dividend, with grounds holders, arsenic of August 1, 2024, receiving 9 further shares for each stock held. The organisation is scheduled to hap aft trading closes connected August 7, 2024, with trading connected a split-adjusted ground opening connected August 8, 2024. The banal divided volition not impact the voting and different rights of shareholders.

MicroStrategy shares were up 5% pre-market, present trading astir $1,366 per share.

The station MicroStrategy up 5% pre-market aft 10-for-1 banal divided announcement appeared archetypal connected CryptoSlate.