May 05, 2010
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.95 to $4.75.
The split itself did not change the total investment value.
ITEX Corp. (OTC:ITEX) operates in the Miscellaneous commercial services industry.
ITEX Corp. company overviewITEX Corp.'s most recent stock split was on May 5, 2010. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
ITEX Corp. has split its stock once. This history records one reverse split, on May 5, 2010.
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 ITEX Corp.'s 1-for-5 reverse split on May 5, 2010, 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.
ITEX Corp. has not announced a new split in our records. Its most recent split was on May 5, 2010, 16 years ago. Companies announce splits in advance, and any new OTC:ITEX split will appear on this page.