Binance announced on Nov. 11 that it will support Sandisk Corporation’s 8-for-1 stock split for SNDKB, its tokenized security linked to Sandisk shares. Eligible holders will receive seven additional SNDKB for each token held before the split, for a total of eight tokens per pre-split token.
When trading resumes, Binance says the SNDKB price will reflect the split, at approximately one-eighth of its pre-split level. Eligibility will be based on holdings recorded in a snapshot scheduled for Nov. 20, 2026, at 01:00 UTC.
Binance’s schedule sets the resumption of SNDKB/USDT spot trading, conversion services and deposits for 09:00 UTC that day. Withdrawals are scheduled to resume at 10:00 UTC. Margin trading in SNDKB pairs is scheduled to resume after 14:35 UTC.
The exchange plans to suspend SNDKB/USDT spot trading and related services at 00:30 UTC on Nov. 20. Buy & Sell Crypto services for SNDKB and associated pairs are scheduled to stop earlier, at 23:30 UTC on Nov. 19. Binance said pending spot orders will be canceled after trading is suspended.
Binance also scheduled a margin change for Nov. 18 at 15:00 UTC. It will remove SNDKB as eligible collateral in Cross Margin and Portfolio Margin accounts and automatically liquidate and convert such collateral into USDT or USDC. Binance advised users to transfer SNDKB out of those accounts before the change and warned that they may be unable to update positions during the removal process.
SNDKB is a tokenized security issued by BTech Holdings Limited, a Binance group affiliate. Binance says the tokens represent an interest in underlying securities held by the issuer but do not give holders direct ownership of Sandisk shares. The product is offered in the Abu Dhabi Global Market and is not offered in other jurisdictions, according to the announcement.
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