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Share Name | Share Symbol | Market | Type |
---|---|---|---|
MicroStrategy Inc | NASDAQ:MSTR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
212.84 | 13.69% | 1,768.00 | 1,495.00 | 2,000.00 | 1,785.00 | 1,565.0001 | 1,572.79 | 2,044,828 | 05:00:05 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
|
||
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
Trading |
Name of Each Exchange on which Registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events. |
On July 11, 2024, MicroStrategy Incorporated (the “Company”) announced that its board of directors has declared a 10-for-1 stock split of the Company’s class A common stock and class B common stock. The stock split will be effected by means of a stock dividend to the holders of record of the Company’s class A common stock and class B common stock as of the close of business on August 1, 2024, the record date for the dividend. The dividend is expected to be distributed after the close of trading on August 7, 2024. Trading is expected to commence on a split-adjusted basis at market open on August 8, 2024.
The Company issued a press release announcing the stock split. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. |
Description | |
99.1 | Press Release, dated July 11, 2024, announcing the stock split. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 11, 2024 | MicroStrategy Incorporated (Registrant) | |||||
By: | /s/ W. Ming Shao | |||||
Name: | W. Ming Shao | |||||
Title: | Senior Executive Vice President & General Counsel |
Exhibit 99.1
MicroStrategy Announces 10-for-1 Stock Split
TYSONS CORNER, Va., July 11, 2024 MicroStrategy® Incorporated (Nasdaq: MSTR) (MicroStrategy) today announced that its board of directors has declared a 10-for-1 stock split of MicroStrategys class A common stock and class B common stock to make MicroStrategys stock more accessible to investors and employees. The stock split will be effected by means of a stock dividend to the holders of record of MicroStrategys class A common stock and class B common stock as of the close of business on August 1, 2024, the record date for the dividend.
As a result of the dividend, each holder of a share of MicroStrategys class A common stock will receive nine (9) additional shares of class A common stock and each holder of a share of MicroStrategys class B common stock will receive nine (9) additional shares of class B common stock. In each case, the shares are expected to be distributed after the close of trading on August 7, 2024. Trading is expected to commence on a split-adjusted basis at market open on August 8, 2024. The stock dividend will not have any impact on the voting and other rights of stockholders.
About MicroStrategy Incorporated
MicroStrategy (Nasdaq: MSTR) considers itself the worlds first Bitcoin development company. We are a publicly-traded operating company committed to the continued development of the bitcoin network through our activities in the financial markets, advocacy and technology innovation. As an operating business, we are able to use cashflows as well as proceeds from equity and debt financings to accumulate bitcoin, which serves as our primary treasury reserve asset. We also develop and provide industry-leading AI-powered enterprise analytics software that promotes our vision of Intelligence Everywhere, and are using our software development capabilities to develop bitcoin applications. We believe that the combination of our operating structure, bitcoin strategy and focus on technology innovation provides a unique opportunity for value creation.
MicroStrategy and Intelligence Everywhere are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries.
MicroStrategy Incorporated
Shirish Jajodia
Investor Relations
ir@microstrategy.com
Document and Entity Information |
Jul. 11, 2024 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | MICROSTRATEGY Inc |
Amendment Flag | false |
Entity Central Index Key | 0001050446 |
Document Type | 8-K |
Document Period End Date | Jul. 11, 2024 |
Entity Incorporation State Country Code | DE |
Entity File Number | 0-24435 |
Entity Tax Identification Number | 51-0323571 |
Entity Address, Address Line One | 1850 Towers Crescent Plaza |
Entity Address, City or Town | Tysons Corner |
Entity Address, State or Province | VA |
Entity Address, Postal Zip Code | 22182 |
City Area Code | (703) |
Local Phone Number | 848-8600 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Class A common stock, par value $0.001 per share |
Trading Symbol | MSTR |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
1 Year MicroStrategy Chart |
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