Sep 10, 2010
1:1000
For every 1000 shares held, investors received 1. The price per share adjusted from $0.00 to $0.10.
The split itself did not change the total investment value.
Banneker, Inc. (OTC:BANI) operates in the Other consumer specialties industry.
Banneker, Inc. company overviewBanneker, Inc.'s most recent stock split was on September 10, 2010. It was a 1-for-1000 reverse split, so shareholders received 1 share for every 1000 they held.
Banneker, Inc. (OTC:BANI) has split its stock 4 times: a 1-for-100 reverse split on October 5, 2007, a 12-for-1 split on February 9, 2009, a 1-for-20 reverse split on February 18, 2010, and a 1-for-1000 reverse split on September 10, 2010.
Banneker, Inc. has split its stock 4 times. This history records 4 splits between October 5, 2007 and September 10, 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 Banneker, Inc.'s 1-for-1000 reverse split on September 10, 2010, every 1000 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.
Banneker, Inc. has not announced a new split in our records. Its most recent split was on September 10, 2010, 16 years ago. Companies announce splits in advance, and any new OTC:BANI split will appear on this page.