Jun 30, 2016
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.01 to $0.20.
The split itself did not change the total investment value.
TransAKT Ltd. (OTC:TAKD) operates in the Trucks/Construction/Farm machinery industry.
TransAKT Ltd. company overviewTransAKT Ltd.'s most recent stock split was on June 30, 2016. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
TransAKT Ltd. (OTC:TAKD) has split its stock 2 times: a 1-for-2 reverse split on August 7, 2006 and a 1-for-20 reverse split on June 30, 2016.
TransAKT Ltd. has split its stock 2 times. This history records 2 reverse splits between August 7, 2006 and June 30, 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 TransAKT Ltd.'s 1-for-20 reverse split on June 30, 2016, 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.
TransAKT Ltd. has not announced a new split in our records. Its most recent split was on June 30, 2016, 10 years ago. Companies announce splits in advance, and any new OTC:TAKD split will appear on this page.
Already premium?