Nov 23, 2009
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.02 to $0.40.
The split itself did not change the total investment value.
SCANDIA INC (OTC:SDNI) operates in the Medical/Nursing services industry.
SCANDIA INC company overviewSCANDIA INC's most recent stock split was on November 23, 2009. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
SCANDIA INC (OTC:SDNI) has split its stock 2 times: a 1-for-20 reverse split on May 2, 2008 and a 1-for-20 reverse split on November 23, 2009.
SCANDIA INC has split its stock 2 times. This history records 2 reverse splits between May 2, 2008 and November 23, 2009.
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 SCANDIA INC's 1-for-20 reverse split on November 23, 2009, 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.
SCANDIA INC has not announced a new split in our records. Its most recent split was on November 23, 2009, 16 years ago. Companies announce splits in advance, and any new OTC:SDNI split will appear on this page.