Virgin Galactic will ask shareholders to approve a reverse stock split intended to boost the falling share price of the suborbital spaceflight company.
    • CountVon@sh.itjust.worksEnglish
      3·
      7 months ago

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

      • Ilovethebomb@lemm.eeEnglish
        2·
        7 months ago

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

    • threelonmusketeers@sh.itjust.worksOPMEnglish
      3·
      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.