Dec 05, 2008
1:100
For every 100 shares held, investors received 1. The price per share adjusted from $0.00 to $0.02.
The split itself did not change the total investment value.
SALON CITY INC (OTC:SALN) operates in the Wholesale distributors industry.
SALON CITY INC company overviewSALON CITY INC's most recent stock split was on December 5, 2008. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
SALON CITY INC (OTC:SALN) has split its stock 2 times: a 5-for-1 split on July 24, 2006 and a 1-for-100 reverse split on December 5, 2008.
SALON CITY INC has split its stock 2 times. This history records 2 splits between July 24, 2006 and December 5, 2008.
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 SALON CITY INC's 1-for-100 reverse split on December 5, 2008, every 100 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.
SALON CITY INC has not announced a new split in our records. Its most recent split was on December 5, 2008, 17 years ago. Companies announce splits in advance, and any new OTC:SALN split will appear on this page.