Mar 29, 2005
1:22
For every 22 shares held, investors received 1. The price per share adjusted from $0.04 to $0.88.
The split itself did not change the total investment value.
RELIANT FINANCIAL SERVICE CORP (OTC:RFNS) operates in the Electronic equipment/Instruments industry.
RELIANT FINANCIAL SERVICE CORP company overviewRELIANT FINANCIAL SERVICE CORP's most recent stock split was on March 29, 2005. It was a 1-for-22 reverse split, so shareholders received 1 share for every 22 they held.
RELIANT FINANCIAL SERVICE CORP (OTC:RFNS) has split its stock 3 times: a 1-for-20 reverse split on December 1, 1997, a 1-for-10 reverse split on September 25, 2003, and a 1-for-22 reverse split on March 29, 2005.
RELIANT FINANCIAL SERVICE CORP has split its stock 3 times. This history records 3 reverse splits between December 1, 1997 and March 29, 2005.
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 RELIANT FINANCIAL SERVICE CORP's 1-for-22 reverse split on March 29, 2005, every 22 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.
RELIANT FINANCIAL SERVICE CORP has not announced a new split in our records. Its most recent split was on March 29, 2005, 21 years ago. Companies announce splits in advance, and any new OTC:RFNS split will appear on this page.
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