Oct. 27 at 12:45 PM
$FIAT For those out there wondering about either
$FIAT or
$CRSH share prices and whether they will have reverse splits soon. Here are the current rules regard those two in particular, but these rules do apply to most ETFs listed with the SEC.
Regulatory Mandates & Exchange Rules
• Reverse splits are not mandated by the SEC, but exchanges like Nasdaq and NYSE enforce listing standards:
• If an ETF trades below
$1.00 for 30 days, it receives a deficiency notice.
• The issuer then has 180 days to regain compliance, often via a reverse split.
• If compliance isn’t regained, a second 180-day period may be granted, but new rules restrict repeated reverse splits within a year.
• TSLY, another YieldMax ETF, recently executed a 1-for-2 reverse split to maintain compliance—a precedent that FIAT and CRSH could follow if their prices deteriorate further.
