Using Signal8/Research pages
How to Use the Signal8 Reverse Splits Page
The Signal8 Reverse Splits page explained: its four tabs, every column, approval badges, ADS ratio labels, source documents and what Signal8 Pro unlocks.
What the Reverse Splits page shows
The Reverse Splits page lists reverse stock splits at every stage, from a proxy that asks shareholders to approve one to a split whose effective date has already passed. Each row is one security, and each security appears on one tab only.
The page draws on two sources. The first is a market split calendar, which lists splits with a scheduled date. The second is Signal8's reverse split tracker, which reads SEC filings (proxy statements, information statements, 8-Ks and 6-Ks) and some official non-SEC notices, and follows each split through its stages. Where both describe the same split, the row is built from the company's filing, and the calendar is used as a cross-check.
Funds and ETFs are left out on every tab. For how a reverse split works, see Reverse Stock Split Explained.
The four tabs
| Tab | What it lists | Source |
|---|---|---|
| Upcoming | Splits with an effective date from tomorrow through the next 30 days | Market calendar plus dated, approved splits from the tracker |
| Approved, no date | Splits approved by a vote, a written consent or the board, with no effective date stated yet | Tracker |
| Vote pending | Splits a proxy has put to a vote, with no vote result reported yet | Tracker |
| Recently completed | Splits whose effective date fell in the last 30 days | Market calendar plus tracker |
A security sits on the first tab that fits, in this order: Upcoming, Recently completed, Approved no date, Vote pending. So a company with an approved split that the market calendar also lists for next week appears on Upcoming, not on Approved no date.
The two tracker tabs are shown only while the tracker is switched on. Tracking covers filings read since the tracker started, so an older approval that no recent filing mentions may not appear. Each tab is its own link, so a view can be bookmarked or shared.
Stages
The Stage column uses plain labels. A market calendar row reads Scheduled before its date and Effective date passed after it. A tracked row carries the tracker's stage, for example "Proposed in a preliminary proxy", "Shareholder vote scheduled", "Approved by shareholders", "Approved by written consent", "Ratio set by the board" or "Effective date announced". A scheduled split can still be postponed or cancelled, so "scheduled" never means confirmed. The info icon beside the tabs explains each stage.
Where the calendar lists a date but the company's filings still show the vote as pending, the row shows the filing's stage and does not assume the split was approved.
Every column explained
| Column | What it holds |
|---|---|
| Company | Logo, ticker, listing venue and company name, linked to the company page when one exists |
| Ratio | The split ratio, or a range such as "1-for-5 to 1-for-30" when only a range has been approved |
| Stage | Where the split is in its life, with the filing's own words on hover when a quote was captured |
| Approval | How the split was approved (see below) |
| Dates | Meeting, Approved and Effective dates, each on its own line |
| Source | One button per document behind the row |
A few details matter when reading the cells:
- "Not stated" in Ratio or Dates means no filing read so far states that fact. It is not a zero and not a guess.
- Conditional dates. Some companies state the effective date as a condition, for example a date to be confirmed by the exchange. The page quotes that clause as filed rather than turning it into a date.
- Market calendar cross-check. On a row built from a filing, a line reading "Market calendar:" under the date or ratio appears only when the calendar lists a different value from the filing's.
A worked example
Hypothetical Company X files a proxy proposing a reverse split in a range of 1-for-5 to 1-for-30, with a meeting on March 10. Holders approve it, and on March 20 an 8-K states a final ratio of 1-for-20, effective April 2.
| Date | Tab | Ratio | Stage |
|---|---|---|---|
| Feb 20 | Vote pending | 1-for-5 to 1-for-30 | Shareholder vote scheduled |
| Mar 12 | Approved, no date | 1-for-5 to 1-for-30 | Approved by shareholders |
| Mar 20 | Upcoming | 1-for-20 | Effective date announced |
| Apr 3 | Recently completed | 1-for-20 | Effective date passed |
All dates and figures are hypothetical. A holder of 10,000 shares would hold 10,000 ÷ 20 = 500 shares after April 2.
The Approval column
The Approval badge says how the split was approved, as stated in the company's filings:
- Shareholder vote. Holders were asked to approve the split at a meeting, through a proxy statement.
- Written consent. Holders approved it in writing without a meeting, usually followed by a Schedule 14C information statement. A foreign issuer's written resolution gets the same badge.
- Pre-approved range. The board set the ratio inside a range holders had approved earlier.
- Board only. The company's own filing states that no shareholder approval was required. See reverse splits without a shareholder vote.
- Not determined. The filings read so far do not state how the split was approved. This is not the same as "no vote".
- Not tracked. The row has no tracked episode, usually a market calendar row with no matching filing.
Hovering a badge shows a one-line explanation, the quoted filing language when captured, the company's split authority (for example "Board can split without a vote (charter clause)") and its domicile.
ADS ratio labels
Some rows belong to foreign companies whose US-listed security is an American depositary share (ADS). An ADS ratio change alters how many ordinary shares each ADS represents. ADS holders end up with fewer ADSs, but the ordinary shares are not consolidated.
When a row's source document announces an ADS ratio change, the Ratio column carries an ADS ratio badge, and where no approval path was read the Approval column says ADS ratio change instead of "Not determined". Hovering the badge says whether the announcement came from the issuer's filing or from the depositary bank's own notice.
Source documents
The Source column lists every document the tracker attached to the split, oldest first, labelled by form type and date (for example "DEF 14A Feb 20" or "8-K Mar 20"). When there are more than four, the newest three are shown with a "+N" button for the rest.
- An SEC filing opens in Signal8's filing viewer on the same page.
- A non-SEC document, such as a depositary bank notice or an exchange notice, opens the publisher's copy in a new tab.
- A market calendar row with no filing has an empty Source cell. A tracked row with no document on record reads "Not on record".
Filters and paging
Three filters sit under the tabs: market cap (the scanner's buckets), security type (common stock, ADR or ADS, foreign ordinary shares, other) and exchange (Nasdaq, NYSE, NYSE American, OTC). Each has a "not measured" option, and an empty selection includes every row, so a row whose cap or type was not measured is never dropped silently. Signal8 Pro readers also get a Board can split without a vote filter and a Domicile filter. The table pages at 10, 20 or 50 rows.
What free and Pro readers see
The split facts on this page are part of Signal8 Pro. Every reader gets every row on every tab, with the same filters and paging, but without Pro each row is locked: the company name, ticker and listing venue are shown, and every other column shows a Pro chip. The server sends no ratio, stage, date or source for a locked row. Clicking a chip opens sign-in for a signed-out visitor and the Signal8 Pro page for a signed-in free account. On a phone, a locked row is a card with the company and one Pro chip.
FAQ
Why is a company on Upcoming and not on Approved, no date?
Each security appears on one tab only. Once a filing or the market calendar gives an effective date within the next 30 days, the security moves to Upcoming, even if it was approved without a date earlier. After the date passes it moves to Recently completed for 30 days.
What does "Not determined" mean in the Approval column?
It means the filings read so far do not state how the split was approved. It does not mean the split was approved without a vote. "Board only" is shown only when the company's own filing states that no shareholder approval was required.
Why does a row say "Market calendar" under the date?
The row was built from the company's filing, and the market split calendar lists a different date or ratio for the same split. The filing's value is shown first. The calendar's value appears underneath only when the two disagree.
Why are the rows locked?
The split facts on the Reverse Splits page are included in Signal8 Pro. Without Pro, each row shows the company and listing venue, and the other columns show a Pro chip. The data for locked rows is not sent to the browser.
Terms in this guide
- Reverse stock split
- A reverse stock split is a corporate action combining existing shares into fewer shares, cutting the share count and raising the per-share price by the same ratio; ownership percentages stay the same.
- Form 8-K
- A Form 8-K is the SEC current report a public company files, generally within four business days, to disclose material events such as agreements, offerings, executive changes and listing notices.
Try it on Signal8
See this in live data with Signal8 Pro.
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Educational content only. Signal8 is not a broker-dealer or investment adviser, and nothing here is a recommendation to buy or sell any security.