Apr 15, 1998
1:4
For every 4 shares held, investors received 1. The price per share adjusted from $0.56 to $2.25.
The split itself did not change the total investment value.
ALABAMA AIRCRAFT INDUSTRIES INC (OTC:AAIIQ) operates in the Aerospace & defense industry.
ALABAMA AIRCRAFT INDUSTRIES INC company overviewALABAMA AIRCRAFT INDUSTRIES INC's most recent stock split was on April 15, 1998. It was a 1-for-4 reverse split, so shareholders received 1 share for every 4 they held.
ALABAMA AIRCRAFT INDUSTRIES INC has split its stock once. This history records one reverse split, on April 15, 1998.
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 ALABAMA AIRCRAFT INDUSTRIES INC's 1-for-4 reverse split on April 15, 1998, every 4 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.
ALABAMA AIRCRAFT INDUSTRIES INC has not announced a new split in our records. Its most recent split was on April 15, 1998, 28 years ago. Companies announce splits in advance, and any new OTC:AAIIQ split will appear on this page.