Apr 20, 2005
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.40 to $2.00.
The split itself did not change the total investment value.
THERMODYNETICS INC (OTC:TDYT) operates in the Industrial machinery industry.
THERMODYNETICS INC company overviewTHERMODYNETICS INC's most recent stock split was on April 20, 2005. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
THERMODYNETICS INC has split its stock once. This history records one reverse split, on April 20, 2005.
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 THERMODYNETICS INC's 1-for-5 reverse split on April 20, 2005, 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.
THERMODYNETICS INC has not announced a new split in our records. Its most recent split was on April 20, 2005, 21 years ago. Companies announce splits in advance, and any new OTC:TDYT split will appear on this page.