Apr 07, 2004
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.08 to $0.40.
The split itself did not change the total investment value.
Sandston Corp. (OTC:SDON) operates in the Financial conglomerates industry.
Sandston Corp. company overviewSandston Corp.'s most recent stock split was on April 7, 2004. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Sandston Corp. has split its stock once. This history records one reverse split, on April 7, 2004.
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 Sandston Corp.'s 1-for-5 reverse split on April 7, 2004, every 5 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.
Sandston Corp. has not announced a new split in our records. Its most recent split was on April 7, 2004, 22 years ago. Companies announce splits in advance, and any new OTC:SDON split will appear on this page.