Corporate actions are events initiated by a publicly traded company that bring changes to its stock. These notably include mergers and acquisitions, spin-offs, stock splits, dividends, and delistings. Such actions can impact your investments by altering the value or structure of the stocks you hold.

All OPTO trading accounts assets are maintained by Alpaca Securities LLC. Opto Markets LLC is not a broker-dealer, investment adviser, nor a member of the Financial Industry Regulatory Authority (FINRA). Securities are offered by Alpaca Securities LLC (“Alpaca Securities”). Alpaca Securities is a broker-dealer regulated by the Securities and Exchange Commission (SEC), a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

Timing: Every trading day, after the market closes and before the next market opens (between 2:00 AM and 5:00 AM Eastern Time), a comprehensive review is performed to check for any corporate actions affecting the stocks in your Folios.

If a company in your Folio is being acquired for cash, its stock may become non-tradable.

Scheduled Orders Canceled: Any scheduled orders for the affected stock will be automatically canceled by the broker-dealer, Alpaca.

Adjust Scheduled Orders: The affected stock will be removed from your upcoming order.

Proceeds Handling: The investment amount intended for the removed stock will be

added as cash to your Alpaca trading account.

A company in your Folio may spin off a part of its business into a new, independent company.

Proceed with Scheduled Orders: If the original company's stock remains actively traded, your scheduled orders will be placed as planned.

Update Your Folio: After the spin-off, your Folio will be rebalanced to reflect for any changes in the stock's value and weightings will be adjusted if necessary.

Two companies merge, potentially resulting in a new stock symbol or changes to the existing one.

Scheduled Orders Canceled: Any scheduled orders for the affected stock will be automatically canceled by Alpaca if the stock symbol changes.

​Adjust Scheduled Orders: The affected stock will be removed from your upcoming order.

Proceeds Handling: The investment amount intended for the removed stock will be added as cash to your Alpaca trading account.

A company is delisted from a major exchange, either voluntarily or involuntarily, and may move to over-the-counter (OTC) trading, often with a symbol change.

Voluntary Delisting: The company chooses to remove its stock from the exchange.

Involuntary Delisting: The company fails to meet exchange requirements.

Scheduled Orders Canceled: Any scheduled orders for the affected stock will be automatically canceled by Alpaca due to the symbol change.

Adjust Scheduled Orders: The affected stock will be removed from your upcoming order.

A reverse stock split reduces the number of shares you hold but increases the share price proportionally.

Update Holdings: Your Folio will be adjusted to reflect the new number of shares and share price after the market closes on the effective date.

Notify You: We'll inform you about the reverse split and its impact before the market opens.

A company you hold in your Folio is delisted from a major exchange, either voluntarily or involuntarily, and may move to over-the-counter (OTC) trading.

Liquidation: Alpaca will liquidate the shares at the last available market price.

Proceeds Transfer: Cash proceeds will be credited to your Alpaca trading account.

Removal from Folio: The delisted security will be removed from your Folio.

Folio Rebalancing: The Folio will be rebalanced to accommodate the change.

Actions: These events are handled in accordance with standard procedures and your Folio will be rebalanced after market close.

Actions: Similar to scheduled orders, your Folio will be rebalanced following the spin-off.

Dynamic Calculation: Each stock in your Folio has a minimum order value, dynamically calculated based on its market capitalization.

Order Execution: If adjustments due to corporate actions cause a stock's investment amount to fall below the minimum order value, the order for that stock won't be executed.

Overall Investment: If your adjusted Folio's total investment value drops below the required minimum investment value due to corporate actions, the entire order will be canceled.

Flexibility: You can schedule Folio orders outside of regular market hours.

Corporate Action Impact: Any scheduled orders affected by corporate actions will be adjusted before the next market open.

Customer Support: If you have questions or need assistance, our support team is here to help.

A: The investment amount intended for the removed stock will be added as cash to your Alpaca trading account. This cash will be available for you to invest as you see fit.

A: If a stock in your Folio is delisted:

Involuntary Delisting: The stock becomes non-tradable. It will be removed from your Folio and any remaining value will be added to your Alpaca trading account.

Voluntary Delisting or Move to OTC: If the stock moves to over-the-counter (OTC) trading, which is not supported by Alpaca, it will be removed from your Folio and its value will be added as cash to your Alpaca trading account.

A: No, you will not incur any additional fees due to adjustments from corporate actions. Rebalancing and adjustments are performed automatically without extra cost to you.