Jun 10, 2022
1:6
For every 6 shares held, investors received 1. The price per share adjusted from $0.01 to $0.06.
The split itself did not change the total investment value.
Lobe Sciences Ltd (CSE:LOBE) operates in the Pharmaceuticals: major industry.
Lobe Sciences Ltd company overviewLobe Sciences Ltd's most recent stock split was on June 10, 2022. It was a 1-for-6 reverse split, so shareholders received 1 share for every 6 they held.
Lobe Sciences Ltd (CSE:LOBE) has split its stock 3 times: a 1-for-2 reverse split on May 30, 2019, a 1-for-2 reverse split on June 7, 2019, and a 1-for-6 reverse split on June 10, 2022.
Lobe Sciences Ltd has split its stock 3 times. This history records 3 reverse splits between May 30, 2019 and June 10, 2022.
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 Lobe Sciences Ltd's 1-for-6 reverse split on June 10, 2022, every 6 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.
Lobe Sciences Ltd has not announced a new split in our records. Its most recent split was on June 10, 2022, 4 years ago. Companies announce splits in advance, and any new CSE:LOBE split will appear on this page.
Already premium?