ARAY · Accuray Incorporated
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For each 40 existing common shares, holders will receive 1 share. The company will also cut its authorized common shares from 400 million to 10 million. The filing says the split will not change holders' ownership percentages, except when cash replaces a fractional share. It does not report a change to Accuray's business, so this share-count change does not shift how we read the company.