1:10, 1:6, 6:1 & 5:1 Stock Splits Coming Up; 5 Mega Stocks Splitting From March 11-15; Do You Own Any?

With markets at record highs, many companies are announcing stock splits to improve liquidity. In the trading week from March 11-15, there is a list of 5 companies that have queued up for splitting. Two of them are ETFs of biggies like Nvidia and Meta Platforms. Other stocks that are splitting next week are Affimed N.V., TinOne Resources, and LM Funding America, Inc. which is the latest to announce splits.

Here are the details:

Affimed N.V.: Nasdaq

1:10 Stock Split: Affimed N.V. recently announced its plan to carry a 1-for-10 reverse stock split of its outstanding common shares, par value €0.01 ("Common Shares") per share.

The reverse stock split is expected to be effected after market close on March 8, 2024, with the Common Shares expected to begin trading on the Nasdaq Capital Market ("NASDAQ") on a post-split basis at market open on March 11, 2024, under the Company's existing trading symbol "AFMD."

Hence, the stock split ratio is 1:10.

Affimed is a clinical-stage immuno-oncology company committed to giving patients back their innate ability to fight cancer by actualizing the untapped potential of the innate immune system.

2. TinOne Resources: OTC

1:10 Stock Split: TinOne is a TSX Venture Exchange-listed Canadian public company with a high-quality portfolio of tin, tin/tungsten and lithium projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia.

Also, with a stock split ratio of 1:10, the company approved the consolidation (the "Consolidation") of its common shares (the "Shares") based on one post-consolidation Share for every ten pre-consolidation Shares.

The Company believes that the Consolidation will increase its flexibility and competitiveness in the marketplace and make TinOne's securities more attractive to a wider audience of potential investors, thereby resulting in a more efficient market for the Shares.

The share consolidation will be on March 11.

3. LM Funding America, Inc: Nasdaq

1:6 Stock Split: On March 8, LM Funding America announced a 1-for-6 reverse stock split of its outstanding common stock which will take effect on March 12, 2024. The ratio is of 6:1.

Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "We believe that our business fundamentals are currently strong and that we continue to make good progress, as evidenced by our 1700% year-over-year revenue growth in the third quarter of 2023. Notably, as previously reported, the stockholders' equity of LM Funding was $35.9 million, or $2.45 per share (or $14.70 per share after giving effect to the reverse split announced today), as of September 30, 2023, and yet our current share price remains below the Nasdaq minimum bid price requirement of $1.00."

Rodgers added, "We believe this share consolidation will not only ensure we meet the continued listing requirements but also help us to attract a broader universe of investors, including institutional investors and retail brokers that encounter share price restrictions."

LM Funding together with its subsidiaries, is a cryptocurrency mining business that commenced Bitcoin mining operations in September 2022.

4. GraniteShares 2x Long NVDA Daily ETF

6:1 Stock Split: The highest stock split as of now in March is by this ETF to the tune of 6:1. Even though the world's largest AI company, NVIDIA has not yet announced any stock split despite rising by double-digit after its earnings, however, GraniteShares an issuer of ETFs had declared stock split of 6-for-1 for its fund called 'GraniteShares 2x Long NVDA Daily ETF'.

The stock split has a record date of March 13, 2024. The total market value of the shares outstanding will not be affected as a result of these splits.

5. GraniteShares 2x Long META Daily ETF: (NASDAQ)

5:1 Stock Split: Apart from NVDA ETF, GraniteShares has also announced the splitting of GraniteShares 2x Long META Daily ETF fund in the ratio of 5-for-1. The total market value of the shares outstanding will not be affected as a result of these splits. The record date is also set on March 13.

All share splits will apply to shareholders of record as of the close of the NASDAQ Stock Market. (the "NASDAQ") on March 11, 2024 (the "Record Date"), payable after the close of the NASDAQ on the Payable Date. Shares of the Funds will begin trading on the NASDAQ on a split-adjusted basis on March 13, 2024 (the "Ex-Date"). GraniteShares is an independent ETF issuer headquartered in New York City.