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MicroStrategy Rises After It Announces 10-for-1 Stock Split

July 11 (Reuters) - MicroStrategy said on Thursday its board of directors has decided in favor of a 10-for-1 stock split of its class A and class B common stock. (Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)((Manya.Saini@thomsonreuters.com; X: manya__saini;))

MicroStrategy Rises After It Announces 10-for-1 Stock Split

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(Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)((Manya.Saini@thomsonreuters.com; X: manya__saini;))","content":"<html><head></head><body><p>MicroStrategy is set to execute a 10-for-1 stock split of its class A common stock and class B common stock “to make its stock more accessible to investors and employees.”</p><p style=\"text-align: left;\">The stock split will be effected via a stock dividend to the holders of record of MicroStrategy’s class A common stock and class B common stock as of the close of business on August 1, 2024, the record date for the dividend. The stock dividend will not have any impact on the voting and other rights of stockholders.</p><p style=\"text-align: left;\">As a result, each holder of a share of MicroStrategy’s class A common stock and class B common will each receive nine additional shares of class A common stock and B common stock.</p><p style=\"text-align: left;\">In each case, the shares are expected to be distributed after the close of trading on August 7, 2024. Trading is expected to commence on a split-adjusted basis at market open on August 8, 2024.</p><p>U.S.-listed shares of the company rose 4% in premarket trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0f44ff16f0e59ec31bbd16c241e24aac\" title=\"\" tg-width=\"451\" tg-height=\"396\"/></p><p></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Rises After It Announces 10-for-1 Stock Split</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Rises After It Announces 10-for-1 Stock Split\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-11 20:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4123596-microstrategy-to-execute-10-for-1-stock-split><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MicroStrategy is set to execute a 10-for-1 stock split of its class A common stock and class B common stock “to make its stock more accessible to investors and employees.”The stock split will be ...</p>\n\n<a href=\"https://seekingalpha.com/news/4123596-microstrategy-to-execute-10-for-1-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy"},"source_url":"https://seekingalpha.com/news/4123596-microstrategy-to-execute-10-for-1-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2450026356","content_text":"MicroStrategy is set to execute a 10-for-1 stock split of its class A common stock and class B common stock “to make its stock more accessible to investors and employees.”The stock split will be effected via a stock dividend to the holders of record of MicroStrategy’s class A common stock and class B common stock as of the close of business on August 1, 2024, the record date for the dividend. The stock dividend will not have any impact on the voting and other rights of stockholders.As a result, each holder of a share of MicroStrategy’s class A common stock and class B common will each receive nine additional shares of class A common stock and B common stock.In each case, the shares are expected to be distributed after the close of trading on August 7, 2024. 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