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HomeRight Arrow NotificationsRight Arrow Product UpdatesRight Arrow US Stock SPCE close only  and reverse stock split Effective date on 14 June 2024

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Notifications 14 Jun 2024

US Stock SPCE close only  and reverse stock split Effective date on 14 June 2024

NOTIFICATIONS

Please be informed that Virgin Galactic Holdings Inc’s (SPCE) 1-for-20 reverse stock split is set to take effect on 14 June 2024 after market closure.

Following the announcement of the exercise, all positions of SPCE will be set to ‘Close Only’ on 14 June 2024.

Common shares of SPCE will trade at the new reverse split-adjusted price from 17 June 2024.

How will this reverse split affect you?

Positions with more than 2 lots

Account TypeOrder TypeNew PriceNew Volume
LiveOpen positions20X Original Price1/20X Original Volume
Stop loss/ take profit settings

Please note that while the price and volume of your positions will be adjusted to reflect the exercise, clients should ensure that their positions meet the minimum lot requirement before the market closes on 14 June 2024. Failure to meet this requirement will result in partial closure of your position based on the closing price on 14 June 2024 to meet the minimum lot requirement.

Positions with less than 2 lots or with fractional excess

Please ensure that you adjust your positions accordingly before the market closes on 14 June 2024. Failure to do so will result in your position being closed or rounded down to the nearest whole number based on the closing price on 14 June 2024.

Additionally, please note that all pending orders for live and demo accounts including buy limit, sell limit, buy stop, sell stop, buy stop limit, and sell stop limit will be removed.

Kindly note that the company will not be liable for any losses incurred due to the adjustment above. For more information, please refer here.

If you have any questions about these changes, or require assistance, please do not hesitate to contact [email protected].

IN CASE YOU MISSED IT