Mar 05, 2004
1:7
For every 7 shares held, investors received 1. The price per share adjusted from $0.13 to $0.91.
The split itself did not change the total investment value.
Flexpoint Sensor Systems, Inc. (OTC:FLXT) operates in the Electronic equipment/Instruments industry.
Flexpoint Sensor Systems, Inc. company overviewFlexpoint Sensor Systems, Inc.'s most recent stock split was on March 5, 2004. It was a 1-for-7 reverse split, so shareholders received 1 share for every 7 they held.
Flexpoint Sensor Systems, Inc. has split its stock once. This history records one reverse split, on March 5, 2004.
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 Flexpoint Sensor Systems, Inc.'s 1-for-7 reverse split on March 5, 2004, every 7 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.
Flexpoint Sensor Systems, Inc. has not announced a new split in our records. Its most recent split was on March 5, 2004, 22 years ago. Companies announce splits in advance, and any new OTC:FLXT split will appear on this page.