Jan 17, 2006
1:1000
For every 1000 shares held, investors received 1. The price per share adjusted from $0.00 to $1.00.
The split itself did not change the total investment value.
SOVEREIGN EXPLORATION ASSOCIATES IN (OTC:SVXA) operates in the Chemicals: specialty industry.
SOVEREIGN EXPLORATION ASSOCIATES IN company overviewSOVEREIGN EXPLORATION ASSOCIATES IN's most recent stock split was on January 17, 2006. It was a 1-for-1000 reverse split, so shareholders received 1 share for every 1000 they held.
SOVEREIGN EXPLORATION ASSOCIATES IN (OTC:SVXA) has split its stock 3 times: a 1-for-40 reverse split on August 16, 2004, a 1-for-100 reverse split on April 8, 2005, and a 1-for-1000 reverse split on January 17, 2006.
SOVEREIGN EXPLORATION ASSOCIATES IN has split its stock 3 times. This history records 3 reverse splits between August 16, 2004 and January 17, 2006.
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 SOVEREIGN EXPLORATION ASSOCIATES IN's 1-for-1000 reverse split on January 17, 2006, every 1000 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.
SOVEREIGN EXPLORATION ASSOCIATES IN has not announced a new split in our records. Its most recent split was on January 17, 2006, 20 years ago. Companies announce splits in advance, and any new OTC:SVXA split will appear on this page.