2026-03-23 20:31:57
Piper Sandler Companies Announces Four-for-One Stock Split and Increase in Authorized Shares
Expected Stock impact: Slightly Positive
On March 23, 2026, Piper Sandler Companies (the "Company") filed an amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware to implement a four-for-one forward stock split of its common stock, par value $0.01 per share. This amendment also increases the number of authorized shares of the Company's common stock from 100,000,000 to 400,000,000. The stock split is set to take effect at 4:30 p.m. Eastern Time on the same day, with trading expected to commence on a split-adjusted basis at market open on March 24, 2026. The new CUSIP number for the common stock following the stock split will be 724078209. This strategic move is anticipated to enhance liquidity and make the stock more accessible to a broader range of investors, potentially leading to increased trading volume and interest in the Company’s shares.
