Mar 22, 2006
1:50
For every 50 shares held, investors received 1. The price per share adjusted from $0.05 to $2.45.
The split itself did not change the total investment value.
POWERLINX INC (OTC:PWNX) operates in the Electronics/Appliances industry.
POWERLINX INC company overviewPOWERLINX INC's most recent stock split was on March 22, 2006. It was a 1-for-50 reverse split, so shareholders received 1 share for every 50 they held.
POWERLINX INC has split its stock once. This history records one reverse split, on March 22, 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 POWERLINX INC's 1-for-50 reverse split on March 22, 2006, every 50 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.
POWERLINX INC has not announced a new split in our records. Its most recent split was on March 22, 2006, 20 years ago. Companies announce splits in advance, and any new OTC:PWNX split will appear on this page.