Oct 30, 2003
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $0.41 to $0.82.
The split itself did not change the total investment value.
INTERNATIONAL CARD ESTABLISHMENT (OTC:ICRD) operates in the Packaged software industry.
INTERNATIONAL CARD ESTABLISHMENT company overviewINTERNATIONAL CARD ESTABLISHMENT's most recent stock split was on October 30, 2003. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
INTERNATIONAL CARD ESTABLISHMENT has split its stock once. This history records one reverse split, on October 30, 2003.
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 INTERNATIONAL CARD ESTABLISHMENT's 1-for-2 reverse split on October 30, 2003, every 2 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.
INTERNATIONAL CARD ESTABLISHMENT has not announced a new split in our records. Its most recent split was on October 30, 2003, 22 years ago. Companies announce splits in advance, and any new OTC:ICRD split will appear on this page.