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Re: cintrix post# 9883

Thursday, 06/06/2024 9:53:01 AM

Thursday, June 06, 2024 9:53:01 AM

Post# of 10990
This was copied directly from the NVDA website:

NVIDIA also announced a ten-for-one forward stock split of NVIDIA’s issued common stock to make stock ownership more accessible to employees and investors. The split will be effected through an amendment to NVIDIA’s Restated Certificate of Incorporation, which will result in a proportionate increase in the number of shares of authorized common stock. Each record holder of common stock as of the close of market on Thursday, June 6, 2024, will receive nine additional shares of common stock, to be distributed after the close of market on Friday, June 7, 2024. Trading is expected to commence on a split-adjusted basis at market open on Monday, June 10, 2024.



https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2025

While I admit you may very well be correct? WHY would NVDA itself state that " each record holder of common stock as of the close of market on Thursday, June 6, 2024" will receive the split? Why not just state that each holder of common stock at the close of the trading day on the 7th will receive the split?

They're not specifically talking about dividends....they specifically mention the stock split itself.

Not trying to be cantankerous here...just wondering why NVDA would word it that way?
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