In addition, the company stated that it was offering buyers owning more than approximately 5% of its outstanding shares following this public offering to purchase pre-funded units. (Reporting by Akanksha Rana Editing by Ramakrishnan M.Shares of Avenue Therapeutics ( NASDAQ: ATXI) plunged in morning trading on Wednesday after the specialty pharmaceutical company stated in an SEC filing that it was offering up to 1.8 million units consisting of one share of common stock and one warrant to purchase shares of common stock as a part of its public offering. The announced split will require stockholder approval at the company's annual meeting in June. Santa Clara, California-based Nvidia said stock holders of record on July 21 would receive dividend of three additional shares after the close of trading on July 19, with the stock trading on a split-adjusted basis beginning July 20.

However, as brokerages increasingly allow customers to buy parts of shares, the benefit of share splits appears to have diluted over time.Īpple split its stock 4-for-1, while electric carmaker Tesla split its stock 5-for-1 last year, with both companies saying they aimed to make their shares more affordable to individual investors. Stock splits can potentially attract retail investors who make small trades.

The company's stock, which was last up at over $600 in premarket trading, has gained nearly 12% this year after its value more than doubled in 2020. (Reuters) - Nvidia Corp on Friday announced a four-for-one stock split as it looks to make its stock less expensive for investors, sending the chipmaker's shares up 3%.

When was nvda stock split announced