Nov 13, 2023
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.38 to $1.88.
The split itself did not change the total investment value.
Teaminvest Private Group Ltd (ASX:TIP) operates in the Investment managers industry.
Teaminvest Private Group Ltd company overviewTeaminvest Private Group Ltd's most recent stock split was on November 13, 2023. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Teaminvest Private Group Ltd (ASX:TIP) has split its stock 2 times: a 1-for-5 reverse split on November 2, 2023 and a 1-for-5 reverse split on November 13, 2023.
Teaminvest Private Group Ltd has split its stock 2 times. This history records 2 reverse splits between November 2, 2023 and November 13, 2023.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Teaminvest Private Group Ltd's 1-for-5 reverse split on November 13, 2023, every 5 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Teaminvest Private Group Ltd has not announced a new split in our records. Its most recent split was on November 13, 2023, 2 years ago. Companies announce splits in advance, and any new ASX:TIP split will appear on this page.
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