Feb 18, 2004
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.
SOMATIC SYSTEMS INC (OTC:SMAS) operates in the Medical/Nursing services industry.
SOMATIC SYSTEMS INC company overviewSOMATIC SYSTEMS INC's most recent stock split was on February 18, 2004. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
SOMATIC SYSTEMS INC (OTC:SMAS) has split its stock 2 times: a 1-for-13 reverse split on April 24, 1996 and a 1-for-20 reverse split on February 18, 2004.
SOMATIC SYSTEMS INC has split its stock 2 times. This history records 2 reverse splits between April 24, 1996 and February 18, 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 SOMATIC SYSTEMS INC's 1-for-20 reverse split on February 18, 2004, 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.
SOMATIC SYSTEMS INC has not announced a new split in our records. Its most recent split was on February 18, 2004, 22 years ago. Companies announce splits in advance, and any new OTC:SMAS split will appear on this page.