Idaho Copper (OTC: COPR) enacts 1-for-20 reverse stock split on OTC
Rhea-AI Filing Summary
Idaho Copper Corporation has implemented a 1-for-20 reverse stock split of its common stock, effective December 15, 2025 on the OTC Markets.
Every 20 existing shares have been automatically converted into 1 share, with any fractional share rounded up to the nearest whole share. The stock now trades on a split-adjusted basis under the temporary ticker “COPRD” for 20 business days, after which the symbol will revert to “COPR”. The par value of the common stock remains $0.001 per share.
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Insights
Idaho Copper executed a 1-for-20 reverse split, altering share count but not par value.
Idaho Copper Corporation completed a 1-for-20 reverse stock split of its common stock, effective on the OTC Markets on December 15, 2025. This consolidates every 20 pre-split shares into 1 post-split share, with trading now occurring on a split-adjusted basis.
The company states that no fractional shares will be issued and any fractional amounts will be rounded up to the nearest whole share, slightly favoring holders with odd lots. The par value of $0.001 per share is unchanged, so the action primarily affects share count and market price per share rather than stated capital.
For a limited period, the stock trades under the temporary symbol “COPRD” for 20 business days before reverting to “COPR”. This temporary ticker change helps distinguish post-split trading, and subsequent disclosures may provide more context on how the new share structure interacts with the company’s broader financing plans.
FAQ
What corporate action did Idaho Copper (COPR) report in this filing?
How will COPR shares trade after the 1-for-20 reverse stock split?
How are fractional shares handled in Idaho Copper’s reverse stock split?
Does the reverse stock split change the par value of COPR common stock?
How long will Idaho Copper use the temporary ticker symbol COPRD?