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GraniteShares adjusts Palantir ETP in reverse split

Published 07/05/2025, 07:12
GraniteShares adjusts Palantir ETP in reverse split
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LONDON - GraniteShares Financial PLC announced a reverse split of its GraniteShares 3x Short Palantir (NASDAQ:PLTR) Daily ETP Securities (ETP Securities), set to take effect on Monday, May 19, 2025. The consolidation aims to merge existing ETP Securities into fewer units with a proportionally larger value per security.

The reverse split will see every 6,000 ETP Securities held by an investor consolidated into one ETP Security. This change will also result in a new International Securities Identification Number (ISIN) for the ETP Securities, transitioning from XS2836484787 to XS3069876582. Additionally, there will be changes to the Stock Exchange Daily Official List (SEDOL) for both the USD and GBX trading lines, with new codes BQ82BB7 and BQ82BG2, respectively.

The last day for trading the ETP Securities before the consolidation is the record date set for May 16, 2025. Trading of the consolidated securities will commence on the London Stock Exchange (LON:LSEG) under the new identifiers on May 19, 2025. In cases where the consolidation results in fractional securities, GraniteShares will redeem these fractions at the greater of the value per ETP as of the record date or the minimum redemption amount.

Investors are advised to consult their financial advisers if they require further clarification on the actions they should take concerning this consolidation. The notice, issued by GraniteShares Director Aileen Mannion, is in accordance with the terms outlined in the Issue Deed relating to the ETP Securities.

This announcement of the reverse split follows the procedures set by the company’s ETP Securities conditions and is intended for the holders of the ETP Securities. The information is based on a press release statement provided by RNS, the news service of the London Stock Exchange.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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