1:10, 2:1, 1:20, 1:13, & 1:25 Splits On Monday, November 4; Nine Big Stocks On Watch List For Sub-Division

Stock Splits: A total of nine stock splits will take place on Monday, November 4, 2024, in US markets like NYSE, Nasdaq, OTC, and AMEX. These stock splits range from 2:1, and 1:10 to as high as 1:25. It needs to be noted that of the total, five of the reverse stock splits are by ETFs, ranging from 1:10, 1:20 and 1:25.

Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.

Here is the list of the stocks that will be in focus on Monday due to their sub-division:

1. Nano Labs:

1:10 Stock Splits Ratio: This Nasdaq listed company has announced the consolidation of every ten shares with a par value of US$0.0002 each in the Company's issued and unissued share capital into one share with a par value of US$0.002 (the "Share Consolidation").

That being said, the company also announced that immediately following the stock split, the authorized share capital of the Company shall be US$50,000 divided into 25,000,000 ordinary shares of par value of US$0.002 each, comprising (i) 12,141,093 Class A ordinary shares of par value of US$0.002 each, (ii) 2,858,908 Class B ordinary shares of par value of US$0.002 each, and (iii) 9,999,999 shares of a par value of US$0.002 each of such class or classes (however designated).

The stock will turn ex-date on November 4, 2024.

Nano Labs Ltd is a leading fabless integrated circuit ("IC") design company and product solution provider in China.

2. Regen BioPharma, Inc: (OTC)

2:1 Stock Split: This pharma company has fixed November 4 as the record date for a stock split ratio of 2:1.

The company is focused on the immunology and immunotherapy space. The Company is focused on rapidly advancing novel technologies through pre-clinical and Phase I/ II clinical trials.

3. Cyclone Metals: (OTC)

1:20 Stock Split: The metal company is going to carry a reverse stock split of its shares in the ratio of 1-for-20. The record date where split shares will be adjusted is fixed on November 4.

Cyclone Metals owns and operates the Iron Bear magnetite iron ore project, formerly known as the Block 103 Project.

4. Direxion Daily Technology Bear 3X Shares ETF: (AMEX):

1:10 And 1:20 Stock Split: The leading provider of tradeable ETFs, has announced it will execute a reverse split of the issued and outstanding shares of the

- Direxion Daily Gold Miners Index Bear 2X Shares,

- Direxion Daily Technology Bear 3X Shares,

- Direxion Daily Dow Jones Internet Bear 3X Shares and

- Direxion Daily FTSE China Bear 3X Shares (the "Funds").

The split ratio ranges majorly by 1:10, but for Direxion Daily FTSE China Bear 3X Shares, the sub-division is of 1:20.

Shares of the Funds will begin trading on the NYSE Arca, Inc. (the "NYSE Arca") on a split-adjusted basis on November 4, 2024.

Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision.

5. Glatfelter Corporation: (NYSE)

1:13 Stock Split: The company announced that it will effect a 1-for-13 reverse stock split (the "reverse split") of its common stock, par value $0.01 per share ("Glatfelter common stock"), that it expects will become effective on November 4, 2024, at 12:01 AM Eastern Time, before the opening of trading on the New York Stock Exchange. The reverse split will affect all issued and outstanding shares of Glatfelter common stock.

Glatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability.

6. GraniteShares 2x Short NVDA Daily ETF:

1:25 Stock Split Ratio: GraniteShares has announced it will execute a reverse share split for one of its ETFs. The total market value of the shares outstanding will not be affected as a result of the transaction.

The 1-for-25 Reverse split will be executed on GraniteShares 2x Short NVDA Daily ETF.

Shares of the Fund will begin trading on the NASDAQ Stock Market. (the "NASDAQ") on a split-adjusted basis on November 04, 2024.

GraniteShares market philosophy is all about reimagining entire asset classes while reducing costs. Whether eliminating K1's, enhancing transparency or delivering novel insights, GraniteShares continually defies accepted industry boundaries.