Osprey Solana Trust (OTCQX: OSOL) Announces 15 to 1 Split of Issued and Outstanding Shares
Osprey Solana Trust (OTCQX: OSOL) announced a 15:1 forward split of its issued and outstanding shares, effective after market close on June 4, 2024.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
OSOL Offers Investors Easy, Transparent and Secure Exposure to Solana, a Leading Blockchain Token
“Given the 2,
After the close of the markets on June 4th, 2024, the Trust will effect a split of its issued and outstanding shares as follows:
Every share of the Trust will be exchanged for 15 shares. Accordingly, the total number of the issued and outstanding shares for the Trust will increase by 15 times. In addition, the next day’s opening per share net asset value (“NAV”) and the opening market price per share should be approximately fifteen times lower for the Trust. Shares of the Trust will begin trading on the OTC Markets on a split-adjusted basis June 5th, 2024. The total opening fair value of the Trust’s net assets, and thus a shareholder’s investment value, will not be affected by the split.
Period |
# of Shares Owned |
Hypothetical Market Price |
Total Market Value |
Pre-Split |
10 |
|
|
Post-Split |
150 |
|
|
About Osprey Funds, LLC
Osprey Funds, LLC (Osprey) offers common sense solutions to digital asset investing. Based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240604289142/en/
Osprey Investor Relations
Email: IR@OSPREYFUNDS.IO
Source: Osprey Funds, LLC