21shares Announces 1-for-10 Reverse Share Split for 21Shares 2x Long Dogecoin ETF (TXXD)
21Shares announced that the Board of Trustees of Listed Funds Trust approved a 1-for-10 reverse share split for the 21Shares 2x Long Dogecoin ETF (TXXD), effective after the Nasdaq close on September 4, 2026, with split-adjusted trading under a new CUSIP beginning September 8, 2026. Every ten existing shares convert into one new share, cutting shares outstanding by roughly 90% while NAV and the opening price rise about tenfold; total shareholder value is unchanged, illustrated by a 1,000-share position at $10.00 becoming 100 shares at $100.00.
Key figures
- New cusip
- 53656H553
- Old cusip
- 53656G175
- Effective date
- 2026-09-04 after Nasdaq market close
- Reverse split ratio
- 1:10
- Nav price multiplier
- approximately 10x
- Shares outstanding reduction
- approximately 90%
- Split adjusted trading start
- 2026-09-08
AI analysis
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