NEW YORK, Aug. 18, 2025 /PRNewswire/ — Global X Management Company, LLC (“Global X”), the New York-based provider of exchange traded funds (ETFs), today announced reverse splits of the following five funds (each a “Fund” or collectively, “Funds”):
|
Fund |
Old CUSIP |
New CUSIP |
Split Ratio |
|
Global X CleanTech ETF (CTEC) |
37954Y228 |
37960A222 |
1:5 |
|
Global X Genomics & Biotechnology ETF |
37954Y434 |
37960A214 |
1:4 |
|
Global X HealthTech ETF (HEAL) |
37954Y285 |
37954Y137 |
1:3 |
|
Global X AgTech & Food Innovation ETF |
37954Y178 |
37960A198 |
1:3 |
|
Global X Renewable Energy Producers ETF |
37954Y707 |
37960A180 |
1:3 |
Effective after market close on August 29, 2025, the Funds listed above will effect a reverse stock split at the above ratios. The reverse stock splits will increase the price per share of each Fund with a proportionate decrease in the number of shares outstanding. For example, for the 1:5 split, every five pre-split shares will result in receipt of one post-split share, which will be priced five times higher than the net asset value (NAV) of a pre-split share.
Illustration of Reverse Splits
The following table shows the effect of a hypothetical 1:5 reverse split:
|
Period |
Number of |
Hypothetical |
Value of |
|
Pre-Split |
500 |
$10 |
$5,000 |
|
Post-Split |
100 |
$50 |
$5,000 |
The following table shows the effect of a hypothetical 1:4 reverse split:
|
Period |
Number of |
Hypothetical |
Value of |
|
Pre-Split |
400 |
$10 |
$4,000 |
|
Post-Split |
100 |
$40 |
$4,000 |
The following table shows the effect of a hypothetical 1:3 reverse split:
|
Period |
Number of |
Hypothetical |
Value of |
|
Pre-Split |
300 |
$10 |
$3,000 |
|
Post-Split |
100 |
$30 |
$3,000 |
Fractional Shares
As a result of the reverse stock splits, a shareholder of a Fund’s shares could potentially hold fractional shares. In this case, the Fund will redeem the cash value (at NAV) of any fractional shares resulting from the reverse split. Receipt of cash in lieu of fractional shares may result in a taxable event to shareholders, and each shareholder should consult with the shareholder’s own tax advisers with respect to the appropriate treatment of the receipt of such cash payment.
Brokerage Charges
Some brokerage charges may apply because of the reverse split. These charges are made directly by the broker and are not charges from Global X.
About Global X
Global X was founded in 2008. For more than fifteen years, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features a wide range of ETF strategies and over $60 billion in assets under management.[i] While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core and Commodity funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $600 billion in assets under management worldwide.[ii] Mirae Asset has an extensive global ETF platform ranging across the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam.
Important Information
Investing involves risk, including the possible loss of principal. The investable universe of companies in which the Funds invest may be limited. Narrowly focused investments will be more susceptible to factors affecting that sector and subject to more volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Carefully consider a fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in a fund’s full or summary prospectuses, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing
Global X serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X or Mirae Asset Global Investments.
Media Contact:
Ariel Kouvaras, Sloane PR
212-446-1884
[email protected]
[i] Source: Global X ETFs, as of July 31, 2025
[ii] Source: Mirae Asset, as of December 31, 2024
SOURCE Global X Management Company LLC