Deep Sea Minerals announces 2-for-1 forward stock split

Deep Sea Minerals sets 2-for-1 split pending CSE approval

Deep Sea Minerals (DSEAF.US) said it plans to carry out a 2-for-1 forward split of its common shares, subject to approval from the Canadian Securities Exchange. The company said shareholders of record at the close of business on May 26, 2026, will receive two post-split shares for every one share held before the split.

If approved, the stock is expected to begin trading on a split-adjusted basis on or about May 27, 2026.

Share count will rise while corporate identifiers stay the same

The split will increase Deep Sea Minerals’ total outstanding common shares from 23.90M to approximately 47.81M. The company said its legal name, CUSIP and trading symbols will remain unchanged.

For investors, the action changes the share count and per-share price mechanics, but does not alter the company’s underlying business or ownership percentage on a proportional basis.

Derivative securities and RSUs will be adjusted proportionately

Deep Sea Minerals said the share volumes and exercise or strike prices for all outstanding stock options, warrants and previously granted Restricted Share Units will be adjusted to reflect the 2-for-1 ratio. That includes the 200K RSUs issued on April 1, 2026.

Such adjustments are standard in a forward split and are intended to preserve the economic value of outstanding awards while aligning them with the new share count.

Management frames split as a liquidity and access initiative

CEO James Deckelman said the forward split is intended to broaden market participation, improve trading liquidity and make equity ownership more accessible to retail investors.

For market participants, the announcement is typically viewed as a technical corporate action rather than a fundamental change, though it can influence trading dynamics by lowering the nominal share price.

The forward split is strategically designed to broaden market participation, enhance trading liquidity, and make equity ownership more accessible to retail investors.

James Deckelman, CEO

Investor takeaway

The key near-term catalyst is the expected split-adjusted trading date of May 27, 2026, assuming final CSE approval. Investors will be watching for any change in trading volume and price behavior around the effective date.

Because the company’s identifiers remain unchanged and the split is mechanical, the main relevance for holders is the revised share count and the corresponding adjustment to options, warrants and RSUs.