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Split Ratio
1:12
Fractional Policy
Round Up ✓
Profit Potential
$4.80
Effective Date
2024-07-15
Current Price
$0.40
Post-Split Price
$4.80

How This Trade Works

Here's a step-by-step breakdown of how the IKNA reverse split arbitrage works using Ikena Oncology Inc's actual numbers.

1

Buy 11 shares of IKNA

Purchase 11 shares at $0.40 each. Total cost: $4.40. You need exactly 11 shares because the split ratio is 1:12.

2

The 1:12 reverse split executes

Your 11 shares are consolidated at the 1:12 ratio. Since 11 ÷ 12 = 0.9167, you end up with a fractional share of 0.9167 post-split shares.

3

Fractional share rounds up to 1 full share

Because Ikena Oncology Inc rounds up fractional shares, your 0.9167 shares become 1 full share worth $4.80.

4

Sell for profit

Sell your 1 post-split share at $4.80. You paid $4.40 and received $4.80.

$0.40
Profit per position (9% ROI)

Risk Factors

⚠

Penny Stock Volatility

IKNA trades at $0.40 per share, classifying it as a penny stock. Penny stocks are subject to extreme price swings, low institutional coverage, and higher spreads. The share price could drop significantly between your purchase and the split execution date.

⚠

Liquidity Risk

At $0.40 per share, IKNA may have limited trading volume and wide bid-ask spreads. This can make it difficult to enter or exit your position at your desired price, potentially reducing your actual profit.

ℹ

Split Already Completed

This reverse split was completed on 2024-07-15. The information here is for educational purposes and historical reference. This specific trade can no longer be executed.

⚠

Broker Policy Changes

Brokers may change their fractional share rounding policies at any time. Always verify your broker's current policy before placing an RSA trade. What worked for previous splits may not apply to future ones.

Broker Fractional Share Policies

For IKNA's 1:12 reverse split, Robinhood rounds up fractional shares — making it the preferred broker for this trade. Other brokers cash out the fractional portion, which means you'd receive a small cash payment instead of a full share.

Robinhood Rounds Up ✓
Interactive Brokers Cash Out
TD Ameritrade Cash Out
Charles Schwab Cash Out

Frequently Asked Questions

What is the IKNA reverse stock split ratio?
Ikena Oncology Inc executed a 1:12 reverse stock split on 2024-07-15. This means every 12 pre-split shares are consolidated into 1 post-split share, raising the per-share price from $0.40 to $4.80.
Does IKNA round up fractional shares?
Yes. Ikena Oncology Inc's fractional share policy rounds up, meaning if you hold any fractional share amount after the split, your broker will round it up to a full share. This is what creates the RSA profit opportunity.
How much profit can you make from the IKNA reverse split?
By purchasing 11 shares at $0.40 each (total cost: $4.40), the 1:12 split converts them into a fractional share that rounds up to 1 full share worth $4.80. That's a profit of $0.40 per position, or roughly 9% ROI.
Which brokers round up fractional shares for IKNA?
Robinhood rounds up fractional shares for IKNA, making it the preferred broker for this RSA trade. Interactive Brokers, TD Ameritrade, and Charles Schwab typically cash out fractional shares instead. Always verify your broker's current fractional share policy before placing a trade.
Is the IKNA reverse split still tradeable?
The IKNA reverse split is completed (effective date: 2024-07-15). While this specific opportunity has passed, TradeLabs continuously monitors the market for new reverse split arbitrage opportunities with similar characteristics.

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