A stock split is when a company divides the existing shares of its stock into multiple new shares to boost the stocks liquidity, which may helps Capital Formation. Although the number of shares outstanding increases by a specific multiples, the total Price value of the shares remains the same compared to pre-split amounts, because the split does not add any real value.
Source: https://thefactsgenie.com/what-is-a-stock-split-and-is-stock-split-good/