ACY - AeroCentury drops about 2.5% on 5-for-1 forward stock split

AeroCentury (NYSE:ACY) plans to implement a 5-for-1 forward stock split of its outstanding shares. Each shareholder of record as of December 30, 2021, the record date, will receive four additional shares of common stock for each share held as of the record date. No fractional shares of common stock will be issued in connection with the stock split. Payment date will be January 7, 2022 and stock is expected to begin trading on a split-adjusted basis when the market opens on January 10, 2022. Company currently has ~4.42M and will have ~22.08M. This will increase liquidity and make it more accessible to investors. Shares down 2.5% during pre-market hours.

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AeroCentury drops about 2.5% on 5-for-1 forward stock split