> 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

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. |