When you purchase a stock that will be subject to a reverse split and you sell that stock within 90 days following the reverse split, Public may charge an administrative fee on your trade. At the time of purchase, you will be notified if your stock will be subject to the fee and the amount of the fee.

What is a reverse stock split?

A reverse stock split is a corporate action that consolidates the numbers of existing shares of a company’s stock into fewer shares with a proportionally higher share price. The total market value of the company remains unchanged. To learn more about corporate actions, click here.

Why am I being charged a fee?

Public charges a fee to cover the costs associated with the expedited processing and management of the corporate action. This fee is waived for Public Premium members. View our fee schedule here.

For further questions please contact Member Support via in-app chat or email at support@public.com.