Sep 16, 2020
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.07 to $1.38.
The split itself did not change the total investment value.
TPT Strategic Inc (OTC:INOQ) operates in the Contract drilling industry.
TPT Strategic Inc company overviewTPT Strategic Inc's most recent stock split was on September 16, 2020. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
TPT Strategic Inc (OTC:INOQ) has split its stock 2 times: a 1-for-10 reverse split on May 27, 2008 and a 1-for-20 reverse split on September 16, 2020.
TPT Strategic Inc has split its stock 2 times. This history records 2 reverse splits between May 27, 2008 and September 16, 2020.
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 TPT Strategic Inc's 1-for-20 reverse split on September 16, 2020, every 20 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.
TPT Strategic Inc has not announced a new split in our records. Its most recent split was on September 16, 2020, 6 years ago. Companies announce splits in advance, and any new OTC:INOQ split will appear on this page.