Can someone explain what is meant by “nine additional shares of common stock”?


“Each record holder of common stock as of the close of market on Thursday, June 6, 2024, will receive nine additional shares of common stock, to be distributed after the close of market on Friday, June 7, 2024.”

Maybe I'm just dumb, but I don't get what this means. It clearly doesn't mean that every shareholder gets a bonus nine shares.


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