18 Jul 2025
📈Amendments to Certificate of Incorporation for Miami International Holdings
Self-Regulatory Organizations; MIAX PEARL, 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 issued a notice regarding MIAX Pearl's proposal to amend its parent company’s certificate of incorporation. This includes plans for a reverse stock split and retains existing ownership restrictions, aimed at maintaining effective governance and operational capacity within regulatory frameworks.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change involves a reverse stock split for Miami International Holdings, Inc., affecting share valuation and liquidity for shareholders. It also retains ownership limitations to prevent excessive control by any individual or entity, impacting corporate governance. These changes could influence investment strategies and shareholder relations.