Nov 22, 2021
1:8
For every 8 shares held, investors received 1. The price per share adjusted from $2.26 to $18.08.
The split itself did not change the total investment value.
t42 IoT Tracking Solutions PLC (LSE:TRAC) operates in the Telecommunications equipment industry.
t42 IoT Tracking Solutions PLC company overviewt42 IoT Tracking Solutions PLC's most recent stock split was on November 22, 2021. It was a 1-for-8 reverse split, so shareholders received 1 share for every 8 they held.
t42 IoT Tracking Solutions PLC has split its stock once. This history records one reverse split, on November 22, 2021.
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 t42 IoT Tracking Solutions PLC's 1-for-8 reverse split on November 22, 2021, every 8 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.
t42 IoT Tracking Solutions PLC has not announced a new split in our records. Its most recent split was on November 22, 2021, 4 years ago. Companies announce splits in advance, and any new LSE:TRAC split will appear on this page.
Already premium?