Stock Splits

dShares are designed to account for stock splits, including reverse splits. Mechanistically, it is rebased according to the split ratios. With this in mind, here is a detailed timeline of how a split is handled on the day of execution:

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NOTE: This process is applied to all dShares that represent the underlying stock**

1. Trading for splitting dShare is immediately halted.
   • New orders are rejected
   • Active orders are cancelled
   • dShare token is paused
2. The dShare™ token is rebased to match the split ratio
3. Dinari verifies balance changes have been successful across all systems 1 Dinari verifies underly stock changes are successfully reflected.
4. Trading is resumed:
   • New orders are accepted
   • The dShare™ token is unpaused