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US Stock SPCE close only and reverse stock split Effective date on 14 June 2024
NOTIFICATIONS
Please be informed that Virgin Galactic Holdings Inc’s (SPCE) 1-for-20 reverse stock split is set to take effect on 14 June 2024 after market closure.
Following the announcement of the exercise, all positions of SPCE will be set to ‘Close Only’ on 14 June 2024.
Common shares of SPCE will trade at the new reverse split-adjusted price from 17 June 2024.
How will this reverse split affect you?
Positions with more than 2 lots
| Account Type | Order Type | New Price | New Volume |
| Live | Open positions | 20X Original Price | 1/20X Original Volume |
| Stop loss/ take profit settings |
While the price and volume of your positions will be adjusted to reflect the exercise, please adjust your positions accordingly to ensure that the minimum lot requirement is met before the market closes on 14 June 2024. Otherwise, your position will be partially closed to meet the minimum lot requirement based on the closing price on 14 June 2024.
Positions with less than 2 lots or with fractional excess
Please adjust your positions accordingly before the market closes on 14 June 2024. Otherwise, your position will be closed or rounded down to the nearest whole number based on the closing price on 14 June 2024.
All pending orders for live and demo accounts including buy limit, sell limit, buy stop, sell stop, buy stop limit, and sell stop limit will be removed.
For more information, please refer here.
If you have any questions about these changes or require assistance, please do not hesitate to contact our Support at [email protected].