Virgin Galactic will ask shareholders to approve a reverse stock split intended to boost the falling share price of the suborbital spaceflight company.
No idea. Maybe you’re forced to either buy or sell?
In any case, I’m not sure this bodes well for Virgin Galactic. I hope they can survive long enough to make it through the development of the Delta-class vehicle.
What happens if you only own one share?
No idea. Maybe you’re forced to either buy or sell?
In any case, I’m not sure this bodes well for Virgin Galactic. I hope they can survive long enough to make it through the development of the Delta-class vehicle.
Fractional shares are usually cashed out, though some brokerages will allow you to own a fraction of a share.
I imagine buying less shares than whatever they’re merging them at would be a good way to be annoying.