Defiance Announces Forward and Reverse Stock Splits Across Leveraged ETF Lineup

Defiance has announced a series of forward and reverse stock splits for its leveraged ETFs, effective August 18–19, 2026. Forward splits include the 2x Long NOK ETF (2-for-1), 2x Long KEEL ETF (4-for-1), and 2x Long OSCR ETF (3-for-1). Reverse splits affect the 2x Long OKLO, AVAV, and RCAT ETFs, along with several inverse funds tied to TSM, ASTS, AMD, SMCI, RGTI, QBTS, RKLB, and IONQ, with ratios ranging from 1-for-2 to 1-for-10. The splits will adjust share counts and prices proportionally without changing the overall value of shareholders' investments.