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Stock impact report

CSP Inc. Announces 2-for-1 Stock Split in the form of a 100% Stock Dividend [Yahoo! Finance]

CSP Inc. (CSPI) 
Company Research Source: Yahoo! Finance
and professional services and technology solutions, today announced that the Board of Directors has approved and declared a two-for-one stock split in the form of a 100% stock dividend on the Company's outstanding common stock. Each stockholder of record as of the close of business on March 6, 2024 will receive one additional share of common stock for every share of common stock held. The distribution date for the stock split, or the date on which new shares will be distributed from the Company's transfer agent, Equiniti Trust Company, LLC, will be March 20, 2024. CSPi's Common Stock is expected to trade on a post-split basis at the market open on March 21, 2024. Upon completion of the stock split, the Company expects to have approximately 9,753,900 shares outstanding. In explaining the stock split Victor Dellovo, Chief Executive Officer, commented. "We believe the increased liquidity of CSPi shares resulting from this action will provide greater opportunities for institutional pa Show less Read more
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