Mar 17, 2008
1:20
For every 20 shares held, investors received 1.
The split itself did not change the total investment value.
1ST NRG CORP (OTC:FNRC) operates in the Integrated oil industry.
1ST NRG CORP company overview1ST NRG CORP's most recent stock split was on March 17, 2008. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
1ST NRG CORP has split its stock once. This history records one reverse split, on March 17, 2008.
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 1ST NRG CORP's 1-for-20 reverse split on March 17, 2008, every 20 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.
1ST NRG CORP has not announced a new split in our records. Its most recent split was on March 17, 2008, 18 years ago. Companies announce splits in advance, and any new OTC:FNRC split will appear on this page.