Intuitive Surgical (NSDQ:ISRG) said today that its board of directors approved a 3-for-1 split of the company’s common stock.
The stock split is still subject to shareholder approval, the Sunnyvale, Calif.-based company said, with a special meeting of stockholders slated for Sept. 22.
With the split, each Intuitive shareholder would receive 2 additional shares for every share held by Sept. 29, with trading beginning on a split-adjusted basis on October 6.
Intuitive Surgical said it will provide additional details about the meeting and the proposed split in a proxy statement scheduled to go out to shareholders on August 30.
At closing today, Intuitive shares were up 1.4% at $942.25.
Earlier this week, Intuitive Surgical said it inked a licensing deal for the miniaturized robotic sealing and stapling technology developed by JustRight Surgical that includes an unspecified equity investment and joint product development program.
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