GraniteShares Announces Reverse Split of CONI

Core Viewpoint - GraniteShares will execute a reverse share split for the GraniteShares 2x Short COIN ETF, with a ratio of 1-for-20, effective after market close on August 14, 2025, which will not affect the total market value of shares outstanding [1][2]. Fund Details - The reverse split will reduce the approximate total number of outstanding shares by 95% [1]. - The Fund's CUSIP will change from 38747R 728 to 38747R 363 following the reverse split [1]. - Shareholders of record as of August 14, 2025, will be affected, and trading on a reverse split-adjusted basis will commence on August 15, 2025 [1]. Hypothetical Impact - A hypothetical example illustrates that owning 1,000 shares at a NAV of $1.00 pre-split would result in 50 shares at a NAV of $20.00 post-split, maintaining the total market value at $1,000 [2]. Fractional Shares and Tax Implications - Shareholders may hold fractional shares post-split, which cannot trade on NASDAQ; these will be redeemed for cash at the split-adjusted NAV, potentially leading to tax implications [3]. - No transaction fee will be imposed on shareholders for the redemption of fractional shares [3]. Company Overview - GraniteShares is an independent ETF issuer based in New York City, offering a range of leveraged single stock ETFs [4].