secwatch.observer — SEC 8-K summary
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Issuer:     ProShares Trust II (AGQ)
CIK:        0001415311
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001193125-23-162634
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProShares announces reverse splits for VIXY (1:5), UVXY (1:10), BOIL (1:20) effective June 23, 2023
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- ProShares VIX Short-Term Futures (VIXY) reverse split ratio 1:5; new CUSIP 74347Y789.
- ProShares Ultra VIX Short-Term Futures (UVXY) reverse split ratio 1:10; new CUSIP 74347Y771.
- ProShares Ultra Bloomberg Natural Gas (BOIL) reverse split ratio 1:20; new CUSIP 74347Y763.
- Effective at market open June 23, 2023; ticker symbols unchanged; total shareholder value unaffected.
- Fractional shares from the splits will be redeemed for cash, potentially a taxable event for holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1415311/000119312523162634/0001193125-23-162634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1415311/000119312523162634/d480860d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-162634

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer