Binance will support SanDisk's 1-for-8 stock split, simultaneously adjusting holdings of the tokenized stock SNDKB.

on November 11, Binance announced it will support SanDisk Corporation's (SNDK) 1-for-8 stock split through its tokenized stock product, bStocks. Qualified SNDKB holders will receive an additional 7 tokens for every 1 token held, increasing their holdings to eight times the original amount post-split, with the theoretical price adjusted to one-eighth of the pre-split price.

Binance will suspend SNDKB/USDT spot trading and related deposit and withdrawal services at 08:30 Beijing Time on November 20, and take a position snapshot at 09:00 on the same day. Spot trading is expected to resume at 17:00, with withdrawal services resuming at 18:00.

Additionally, Binance will automatically close and settle SNDKB leveraged lending positions at 23:00 on November 18, with relevant cross-account and portfolio margin collateral assets being converted to USDT or USDC.