Terra Drone, a company specializing in industrial drones, announced a 2-for-1 stock split effective October 1, with September 30 as the record date. The move aims to lower the investment unit price, improve stock liquidity, and broaden the investor base. The company's shares, listed on the Tokyo Stock Exchange Growth Market, closed at 17,050 yen on the 26th. Based on this price, the post-split investment unit would be approximately 850,000 yen. The company acknowledges that the Tokyo Stock Exchange recommends an investment unit of less than 500,000 yen, but it has chosen a 2-for-1 split ratio to avoid a sudden change in the investment environment.
Terra Drone Corporation2-for-1 stock split aims to lower investment unit price and improve liquidity, broadening investor base.
