Jan 23, 2008
1:70
For every 70 shares held, investors received 1. The price per share adjusted from $0.04 to $2.45.
The split itself did not change the total investment value.
Franklin Wireless Corp. (NASDAQ:FKWL) operates in the Telecommunications equipment industry.
Franklin Wireless Corp. company overviewFranklin Wireless Corp.'s most recent stock split was on January 23, 2008. It was a 1-for-70 reverse split, so shareholders received 1 share for every 70 they held.
Franklin Wireless Corp. (NASDAQ:FKWL) has split its stock 2 times: a 1-for-10 reverse split on January 31, 1994 and a 1-for-70 reverse split on January 23, 2008.
Franklin Wireless Corp. has split its stock 2 times. This history records 2 reverse splits between January 31, 1994 and January 23, 2008.
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 Franklin Wireless Corp.'s 1-for-70 reverse split on January 23, 2008, every 70 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.
Franklin Wireless Corp. has not announced a new split in our records. Its most recent split was on January 23, 2008, 18 years ago. Companies announce splits in advance, and any new NASDAQ:FKWL split will appear on this page.