Dec 26, 2006
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.06 to $1.14.
The split itself did not change the total investment value.
NFINASE INC (OTC:NFSE) operates in the Finance/Rental/Leasing industry.
NFINASE INC company overviewNFINASE INC's most recent stock split was on December 26, 2006. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
NFINASE INC (OTC:NFSE) has split its stock 2 times: a 5-for-1 split on March 22, 2004 and a 1-for-20 reverse split on December 26, 2006.
NFINASE INC has split its stock 2 times. This history records 2 splits between March 22, 2004 and December 26, 2006.
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 NFINASE INC's 1-for-20 reverse split on December 26, 2006, 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.
NFINASE INC has not announced a new split in our records. Its most recent split was on December 26, 2006, 19 years ago. Companies announce splits in advance, and any new OTC:NFSE split will appear on this page.