18 Jul 2025
📈MIAX Emerald Proposes Rule Change for Reverse Stock Split
Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Certificate of Incorporation of the Exchange's Ultimate Parent Company, Miami International Holdings, Inc.
Summary
The Securities and Exchange Commission published a notice regarding MIAX Emerald's proposed rule change to amend the certificate of incorporation of Miami International Holdings, Inc. This includes executing a reverse stock split, affecting the corporation's capital structure and shareholder voting rights, while retaining existing ownership restrictions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change involves a reverse stock split and amendments to the certificate of incorporation, which directly impacts shareholders and corporate governance. The changes may alter stockholder equity positions and affect investor control, compliance, and potential capital structuring.