MicroStrategy Announces 10-for-1 Stock Split to Enhance Accessibility

👉 Key Highlights:
📍 MicroStrategy declares a 10-for-1 stock split for class A and class B common stock.
📍 Stock split aims to make shares more accessible to investors and employees.
📍 Record date for stock dividend is August 1, 2024.
📍 Each share of class A common stock will receive nine additional shares.
📍 Each share of class B common stock will receive nine additional shares.
📍 Shares distribution expected after market close on August 7, 2024.
📍 Trading on a split-adjusted basis to start August 8, 2024.
📍 Stock dividend will not affect voting and other rights of stockholders.

👉 Why This Matters:
📍 The stock split can increase liquidity and attract a wider range of investors.
📍 It signals MicroStrategy's confidence in its growth prospects and financial health.