Summary by Moomoo AI
Walmart Inc. has successfully completed a 3-for-1 forward stock split as of February 23, 2024, after the market closed, as authorized by its Board of Directors on January 30, 2024. The stock split was executed through a Certificate of Amendment to Walmart's Restated Certificate of Incorporation, which was accepted by the Secretary of State of Delaware. This amendment increased the authorized shares of common stock from 11 billion to 33 billion and maintained the par value at $0.10 per share. Shareholders of record on February 22, 2024, are set to receive two additional shares for each share held after the close of trading on February 23, 2024. The split-adjusted trading is expected to begin on February 26, 2024. Prior to the split, Walmart had 2,684,264,089 shares outstanding, which is projected to increase to approximately 8,052,792,267 shares post-split, accounting for any shares that may be repurchased on the date of the split.