Nasdaq-listed business intelligence firm MicroStrategy’s board of directors announced a 10-for-1 stock split of the company’s class A and B common stock.
On July 11, MicroStrategy said the stock split aims to increase accessibility for its investors and employees. The stock split will be executed as a stock dividend, which grants stockholders of class A and B stocks nine additional shares per share owned.
The shares are expected to be distributed after trading closes on Aug. 7, 2024. Meanwhile, trading on the split-adjusted stock will commence on Aug. 8, 2024.
Despite the split, the voting rights of stockholders will not be affected.
This is a developing story, and further information will be added as it becomes available.