Sep 17, 2004
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.25 to $2.50.
The split itself did not change the total investment value.
No Borders, Inc. (OTC:NBDR) operates in the Advertising/Marketing services industry.
No Borders, Inc. company overviewNo Borders, Inc.'s most recent stock split was on September 17, 2004. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
No Borders, Inc. (OTC:NBDR) has split its stock 5 times: a 2-for-1 split on April 20, 2000, a 7-for-1 split on August 10, 2000, a 1-for-150 reverse split on September 27, 2001, a 1-for-200 reverse split on October 20, 2003, and a 1-for-10 reverse split on September 17, 2004.
No Borders, Inc. has split its stock 5 times. This history records 5 splits between April 20, 2000 and September 17, 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 No Borders, Inc.'s 1-for-10 reverse split on September 17, 2004, every 10 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.
No Borders, Inc. has not announced a new split in our records. Its most recent split was on September 17, 2004, 22 years ago. Companies announce splits in advance, and any new OTC:NBDR split will appear on this page.