What is it called when a corporation issues additional shares of stock at a reduction of par or stated value?

When a corporation issues additional shares of stock at a reduction of par or stated value, it is typically referred to as a "stock split" or a "stock dividend." In this context, the reduction in par value allows the company to increase the number of shares outstanding while maintaining the total equity value. This practice can make shares more affordable and attractive to investors, but it does not change the overall market capitalization of the company.