Jun 16, 2023
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.74 to $3.70.
The split itself did not change the total investment value.
Electrovaya Inc. (NASDAQ:ELVA) operates in the Electrical products industry.
Electrovaya Inc. company overviewElectrovaya Inc.'s most recent stock split was on June 16, 2023. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Electrovaya Inc. has split its stock once. This history records one reverse split, on June 16, 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 Electrovaya Inc.'s 1-for-5 reverse split on June 16, 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.
Electrovaya Inc. has not announced a new split in our records. Its most recent split was on June 16, 2023, 3 years ago. Companies announce splits in advance, and any new NASDAQ:ELVA split will appear on this page.
Already premium?