other material
confidence high
sentiment neutral
materiality 0.30
Grayscale Ethereum Mini Trust ETF to effect 1-for-10 reverse share split effective Nov 19, 2024
Grayscale Ethereum Staking Mini ETF
- Reverse share split at 1-for-10, converting every 10 existing shares into 1 share, effective 5:00 p.m. ET on November 19, 2024.
- Post-split shares will trade under same symbol "ETH" on NYSE Arca starting Nov 20; new CUSIP 38964R203.
- Fractional shares cannot trade on NYSE Arca; DTC participants may track or aggregate and sell fractional shares, with net cash proceeds to shareholders.
- Reverse split expected to increase per-share price to 10x pre-split NAV, proportionately decreasing outstanding shares (excluding fractions).