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HomeRight Arrow NotificationsRight Arrow Product UpdatesRight Arrow American Well / amwell Corp (AMWL) Stock Split on 10 July 2024

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Notifications 10 Jul 2024

American Well / amwell Corp (AMWL) Stock Split on 10 July 2024

NOTIFICATIONS

Please be informed American Well / amwell Corp (AMWL) Stock Split 20-for-1 stock split is scheduled to take effect at the close of the market on 10 July 2024.

Following the stock split, common shares of AMWL will begin trading at the new split-adjusted price starting from 11 July 2024.

How will this stock split affect you?
Please be aware that while we are committed to facilitating a smooth transition for our customers, the company will not be liable for any adjustments made to your positions due to the stock split. Your positions will be adjusted as per the schedule below after market closure on 10 July 2024 to reflect the exercise: 

Account TypeOrder TypeNew PriceNew Volume
LiveOpen positions 1/20 Original Price20X Original Volume
Stop loss/ take profit settings 
Pending orders* RemovedRemoved
DemoOpen positions RemovedRemoved
Pending orders* 

*All pending orders including buy limit, sell limit, buy stop, sell stop, buy stop limit, and sell stop limit will be removed.

Please refer to the following case examples for your further understanding on how this stock split may affect you:

  • Client_A : If client_A holds with 0.1 lot (under 2 lots), client_A needs to close position before 10 July 2024. Otherwise, backoffice will use 07.10 EOD price to close position.
  • Client_B : If client_B holds with 3 lots, after reverse stock split, the client B will hold 0.15 lots. Since the min lot of US stock is 0.1 lot, so client_B needs to partial close 1 lot (1/20=0.05) before 2024.07.10. Otherwise, backoffice will use 10 July EOD Price to close partial position 1 lot.
  • Client_C : If client_C holds with 20 lots, client_C doesn’t need to close position.

For more information, please refer here.

If you have any questions about these changes, or require assistance, please do not hesitate to contact [email protected].

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