Jul 24, 2012
1:300
For every 300 shares held, investors received 1. The price per share adjusted from $0.00 to $0.09.
The split itself did not change the total investment value.
Groove Botanicals, Inc. (OTC:GRVE) operates in the Miscellaneous commercial services industry.
Groove Botanicals, Inc. company overviewGroove Botanicals, Inc.'s most recent stock split was on July 24, 2012. It was a 1-for-300 reverse split, so shareholders received 1 share for every 300 they held.
Groove Botanicals, Inc. (OTC:GRVE) has split its stock 3 times: a 1-for-5 reverse split on August 30, 2000, a 1-for-20 reverse split on May 15, 2007, and a 1-for-300 reverse split on July 24, 2012.
Groove Botanicals, Inc. has split its stock 3 times. This history records 3 reverse splits between August 30, 2000 and July 24, 2012.
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 Groove Botanicals, Inc.'s 1-for-300 reverse split on July 24, 2012, every 300 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.
Groove Botanicals, Inc. has not announced a new split in our records. Its most recent split was on July 24, 2012, 14 years ago. Companies announce splits in advance, and any new OTC:GRVE split will appear on this page.