> For the complete documentation index, see [llms.txt](https://docs.extended.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.extended.exchange/extended-resources/trading/rwa-markets/corporate-actions.md).

# Corporate Actions

Trading perpetuals involves significant risk, including the risk of liquidation and partial or total loss of assets. Review the Risk Disclosures and ensure you understand the risks before trading.

Corporate actions for single-name equity markets are handled as follows.

| Event                                       | Handling                                                                                                                                                                                                                                                                   |
| ------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Ordinary cash dividends                     | No direct adjustment. The expected ex-dividend price drop is reflected in the oracle and priced through the funding rate.                                                                                                                                                  |
| Stock splits, reverse splits, and spin-offs | The market is settled at the mark price before the effective date and relaunched as a new market after the event. Such actions are announced in advance.                                                                                                                   |
| Mergers, acquisitions, and delistings       | The market is settled at the mark price before the effective date and either relaunched with adjusted terms or remains delisted. Such actions are announced in advance.                                                                                                    |
| Special dividends and other distributions   | Handled on a case-by-case basis. The market may either be settled and relaunched with adjusted terms, or the expected ex-dividend price drop may be reflected in the oracle and priced through the funding rate. Treatment will be communicated in advance where possible. |