MicroStrategy, a business intelligence firm listed on Nasdaq, has announced a 10-for-1 stock split for its class A and B common stock. The company’s board of directors made the announcement to make the stock more accessible for investors and employees.
The stock split will be executed as a stock dividend, providing stockholders of class A and B stocks with nine additional shares for each share they own. This distribution is scheduled to take place after trading closes on August 7, 2024, with trading on the adjusted stock beginning on August 8, 2024.
Importantly, the stock split will not affect the voting rights of the stockholders.
Summary Review: The 10-for-1 stock split by MicroStrategy is a strategic move to make its shares more accessible to a broader range of investors and employees. Scheduled to take effect in early August 2024, this split is designed to enhance stockholder value without altering voting rights. By implementing this stock split, MicroStrategy aims to attract more investors and provide greater flexibility for its current shareholders, reinforcing its commitment to growth and inclusivity in the investment community.
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