this post was submitted on 20 Apr 2024
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Virgin Galactic proposes reverse stock split (spacenews.com)
submitted 7 months ago by threelonmusketeers to c/spaceflight
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[–] [email protected] 4 points 7 months ago (2 children)

What happens if you only own one share?

[–] threelonmusketeers 3 points 7 months ago

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.

[–] CountVon 3 points 7 months ago (1 children)

Fractional shares are usually cashed out, though some brokerages will allow you to own a fraction of a share.

[–] [email protected] 2 points 7 months ago

I imagine buying less shares than whatever they're merging them at would be a good way to be annoying.