Nov 23, 2010
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $6.24 to $31.20.
The split itself did not change the total investment value.
GEROVA FINANCIAL GROUP LTD (OTC:GVFG) operates in the Life/Health insurance industry.
GEROVA FINANCIAL GROUP LTD company overviewGEROVA FINANCIAL GROUP LTD's most recent stock split was on November 23, 2010. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
GEROVA FINANCIAL GROUP LTD has split its stock once. This history records one reverse split, on November 23, 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 GEROVA FINANCIAL GROUP LTD's 1-for-5 reverse split on November 23, 2010, every 5 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.
GEROVA FINANCIAL GROUP LTD has not announced a new split in our records. Its most recent split was on November 23, 2010, 15 years ago. Companies announce splits in advance, and any new OTC:GVFG split will appear on this page.
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