Yes ✅ - you will receive an automatic distribution of shares resulting from corporate events.
If you meet the eligibility criteria for participating in corporate events like mergers, spin-offs, acquisitions, and stock dividends announced by the company you have invested in, you will receive the shares you are entitled to. Additional details about similar events will be communicated through an in-app notification.
It's important to note that in the case of a SPAC acquisition, the holders of the SPAC will retain their shares. However, the instrument's name, ticker, and ISIN are typically modified to reflect the credentials of the acquired company.
- Depending on the specific event, there may be instances where we distribute the cash equivalent of the shares/dividends.
- Instead of executing a buy order on your behalf, the allocated shares will be directly credited to your account.