FuelCell Energy, Inc. (FCEL) has announced a reverse stock split that is scheduled to take effect before the market opens on November 11, 2024. The split will be conducted at a ratio of 1-for-30, meaning that each existing FCEL Common Share will be converted into approximately 0.033333 new FuelCell Energy Common Shares. The company has also stated that cash will be paid in lieu of any fractional shares resulting from the split. In conjunction with the reverse split, the option symbol for FuelCell Energy will change from FCEL to FCEL1. The contract multiplier will remain at 1, with a new multiplier of 100 applied for premium or strike dollar extensions. The new deliverable per contract will include 3 new FuelCell Energy Common Shares and cash in lieu of approximately 0.3333 fractional FCEL Shares. The CUSIP number for the new shares will be 35952H700. The settlement of the FCEL component of the FCEL1 deliverable will be processed through the National Securities Clearing Corporation (NSCC), while the settlement of the cash portion will be delayed until the cash in lieu amount is determined.

FuelCell Energy, Inc. (FCEL) has announced a reverse stock split that is scheduled to take effect before the market opens on November 11, 2024. The split will be conducted at a ratio of 1-for-30, meaning that each existing FCEL Common Share will be converted into approximately 0.033333 new FuelCell Energy Common Shares. The company has also stated that cash will be paid in lieu of any fractional shares resulting from the split. In conjunction with the reverse split, the option symbol for FuelCell Energy will change from FCEL to FCEL1. The contract multiplier will remain at 1, with a new multiplier of 100 applied for premium or strike dollar extensions. The new deliverable per contract will include 3 new FuelCell Energy Common Shares and cash in lieu of approximately 0.3333 fractional FCEL Shares. The CUSIP number for the new shares will be 35952H700. The settlement of the FCEL component of the FCEL1 deliverable will be processed through the National Securities Clearing Corporation (NSCC), while the settlement of the cash portion will be delayed until the cash in lieu amount is determined.