Steel Partners Holdings (SPLP) Announces Reverse/Forward Unit Split

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Go back to Steel Partners Holdings (SPLP) Announces Reverse/Forward Unit Split

Steel Partners Holdings L.P. Announces Reverse/Forward Unit Split

December 14, 2023 6:20 PM EST

NEW YORK--(BUSINESS WIRE)-- Steel Partners Holdings L.P. (NYSE: SPLP), a Delaware limited partnership (the Company or Steel Partners), announced today that it will effect a 1-for-12,500 reverse unit split (Reverse Unit Split) of its common units, no par value (the Company Common Units), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the Forward Unit Split, and, together with the Reverse Unit Split, the Reverse/Forward Unit Split). The Reverse Unit Split is expected to become effective as of 5:00 p.m. Eastern Time on January 8, 2024, and immediately thereafter, the Forward Unit... More