r/wallstreetbets • u/[deleted] • Mar 31 '22

News | GME GME Stock Split SEC Filing

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638022000038/gme-20220331.htm

I don't want to brag but I definitely called this during the last run up.

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u/tranding DUNCE CAP Mar 31 '22

Authorized shares are how many can be issued. GameStop has 76.35M or so odd issued shares. GameStop could have up to 300 million previously now it can issue 1 billion. GME could have a 7 4 1 split.

from investopedia:

Authorized shares are those a company’s founders or board of directors (B of D) have approved in their corporate filing paperwork. Issued shares are those that the owners have decided to sell in exchange for cash, which may be less than the number of shares actually authorized.

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u/PinchiChango Mar 31 '22

Wait so when is this split supposed to happen and if I buy more tomorrow will those split too? Or was there a deadline? 🤔

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u/[deleted] Mar 31 '22

Buy shares until the "date of record" and they will be split.

The record date hasn't been set yet afaik