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Frequently Asked Questions
  What information does Nasdaq require for a Forward Stock Split?
Identification Number 316
The company should complete the Notification: Dividend/Distribution as soon as possible after declaration, and, in any event, no later than simultaneously with the public disclosure and no later than 10 calendar days prior to record date. This form may be submitted electronically through the Listing Center. Please follow the instructions on the Notification regarding its submission. Please note that if the forward split is payable upon surrender of certificates the following items need to be included:
  • Whether the shareholders have approved the transaction;
  • The split ratio;
  • The new CUSIP number, if changed;
  • Total Shares Outstanding (TSO)/Par Value before and after the split;
  • Whether all legal filings have been completed with the appropriate state or non-U.S. agency;
  • The effective date of the forward split (as of the opening of business);
  • Proxy or Board Resolutions; and
  • Amended Articles of Incorporation.
The company must also provide public notice of a dividend action or stock distribution using a Regulation FD compliant method. Appropriate notification of the public disclosure must also be provided to Nasdaq MarketWatch though the Electronic Disclosure Submission System.
Publication Date*: 6/10/2013 Mailto Link Identification Number: 316
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