Apr 18, 2016
1:16
For every 16 shares held, investors received 1. The price per share adjusted from $0.00 to $0.05.
The split itself did not change the total investment value.
SPEED COMM INC (OTC:SPDC) operates in the Packaged software industry.
SPEED COMM INC company overviewSPEED COMM INC's most recent stock split was on April 18, 2016. It was a 1-for-16 reverse split, so shareholders received 1 share for every 16 they held.
SPEED COMM INC (OTC:SPDC) has split its stock 2 times: a 2-for-1 split on June 24, 1996 and a 1-for-16 reverse split on April 18, 2016.
SPEED COMM INC has split its stock 2 times. This history records 2 splits between June 24, 1996 and April 18, 2016.
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 SPEED COMM INC's 1-for-16 reverse split on April 18, 2016, every 16 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.
SPEED COMM INC has not announced a new split in our records. Its most recent split was on April 18, 2016, 10 years ago. Companies announce splits in advance, and any new OTC:SPDC split will appear on this page.