Aug 22, 2007
1:100
For every 100 shares held, investors received 1. The price per share adjusted from $4318.40 to $431840.00.
The split itself did not change the total investment value.
Brownie's Marine Group, Inc. (OTC:BWMG) operates in the Recreational products industry.
Brownie's Marine Group, Inc. company overviewBrownie's Marine Group, Inc.'s most recent stock split was on August 22, 2007. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
Brownie's Marine Group, Inc. (OTC:BWMG) has split its stock 3 times: a 3-for-1 split on August 31, 1998, a 1-for-50 reverse split on September 24, 2003, and a 1-for-100 reverse split on August 22, 2007.
Brownie's Marine Group, Inc. has split its stock 3 times. This history records 3 splits between August 31, 1998 and August 22, 2007.
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 Brownie's Marine Group, Inc.'s 1-for-100 reverse split on August 22, 2007, every 100 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.
Brownie's Marine Group, Inc. has not announced a new split in our records. Its most recent split was on August 22, 2007, 19 years ago. Companies announce splits in advance, and any new OTC:BWMG split will appear on this page.