What types of corporate actions can happen to US stocks on Pluang?
Corporate actions are company-initiated events that affect your shares or holdings. Pluang supports 13 types — from dividends and splits to mergers, spin-offs, and rights distributions. All are processed automatically. You can view them in the Corporate Actions section on each stock's asset page in the app.
| Corporate Action | What It Means | Effect on Your Holdings |
|---|---|---|
| Cash Dividend | Company distributes cash profits to shareholders | Cash credited automatically to your USD wallet |
| Stock Dividend | Company distributes additional shares instead of cash | Additional shares added automatically to your portfolio |
| Unit Split | A fund or ETF divides each unit into multiple units at a lower price per unit | Unit count increases; price per unit decreases; total value unchanged |
| Stock Split | Company divides each existing share into multiple shares at a lower price per share | Share count increases; price per share decreases; total value unchanged |
| Reverse Split | Company consolidates multiple shares into fewer shares at a higher price per share | Share count decreases; price per share increases; total value unchanged. Fractional shares paid as cash at the pre-split price |
| Spin-Off | Parent company separates a business unit into a new, independently listed company | You receive shares in the spun-off company proportional to your existing holdings |
| Cash Merger | Company is acquired and shareholders receive a fixed cash amount per share | Your shares are removed; cash credited to your USD wallet at the merger price |
| Stock Merger | Company is acquired and shareholders receive shares of the acquiring company | Your shares are converted into acquirer shares at the agreed exchange ratio |
| Stock + Cash Merger | Acquisition paid with a combination of acquirer shares and cash | Your shares are partially converted to acquirer shares and partially paid as cash |
| Redemption | Company or fund repurchases its shares/units at a set price | Your shares are removed from your portfolio; cash credited to your USD wallet |
| Name Change | Company changes its name and/or stock ticker | Your holdings remain unchanged; the stock displays the new name and ticker |
| Worthless Removal | Shares are removed because the company has gone bankrupt or shares have no recoverable value | Shares are removed from your portfolio |
| Rights Distribution | Company grants existing shareholders the right to purchase new shares at a discounted price | Rights are credited to your account; you can exercise them to subscribe for new shares at the set price |
Where to check corporate actions in the Pluang app:
Navigate to the stock's asset page → tap Corporate Actions to see upcoming and past corporate action events for that stock.
Related questions:
Q: Do I need to take any action when a corporate action occurs on a US stock I hold?
No. All corporate actions on Pluang are processed automatically on the effective date. No action is required from you.
Q: Where can I see corporate actions for a US stock I hold on Pluang?
Go to the stock's asset page in the app and tap Corporate Actions. This shows both upcoming and processed events for that stock.
Q: What happens to my average purchase price after a stock split or reverse split?
Pluang automatically recalculates your average purchase price on the effective date of the split to reflect the new share count and price, so your cost basis remains accurate.
Q: What happens to my US stock if the company is acquired?
If the company is acquired, your shares will be processed according to the deal terms — converted to acquirer shares, paid as cash, or a combination. Pluang handles this automatically.