Jul 29, 2004
1:500
For every 500 shares held, investors received 1.
The split itself did not change the total investment value.
TURBINE AVIATION INC (OTC:TURA) operates in the Aerospace & defense industry.
TURBINE AVIATION INC company overviewTURBINE AVIATION INC's most recent stock split was on July 29, 2004. It was a 1-for-500 reverse split, so shareholders received 1 share for every 500 they held.
TURBINE AVIATION INC has split its stock once. This history records one reverse split, on July 29, 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 TURBINE AVIATION INC's 1-for-500 reverse split on July 29, 2004, every 500 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.
TURBINE AVIATION INC has not announced a new split in our records. Its most recent split was on July 29, 2004, 22 years ago. Companies announce splits in advance, and any new OTC:TURA split will appear on this page.