Jul 28, 1999
1:3
For every 3 shares held, investors received 1. The price per share adjusted from $2.81 to $8.44.
The split itself did not change the total investment value.
LIGHT MANAGEMENT GROUP INC (OTC:LMGR) operates in the Electronic equipment/Instruments industry.
LIGHT MANAGEMENT GROUP INC company overviewLIGHT MANAGEMENT GROUP INC's most recent stock split was on July 28, 1999. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
LIGHT MANAGEMENT GROUP INC has split its stock once. This history records one reverse split, on July 28, 1999.
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 LIGHT MANAGEMENT GROUP INC's 1-for-3 reverse split on July 28, 1999, every 3 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.
LIGHT MANAGEMENT GROUP INC has not announced a new split in our records. Its most recent split was on July 28, 1999, 27 years ago. Companies announce splits in advance, and any new OTC:LMGR split will appear on this page.
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