Dec 26, 2001
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.23 to $2.30.
The split itself did not change the total investment value.
US AEROSPACE INC (OTC:USAE) operates in the Aerospace & defense industry.
US AEROSPACE INC company overviewUS AEROSPACE INC's most recent stock split was on December 26, 2001. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
US AEROSPACE INC has split its stock once. This history records one reverse split, on December 26, 2001.
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 US AEROSPACE INC's 1-for-10 reverse split on December 26, 2001, every 10 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.
US AEROSPACE INC has not announced a new split in our records. Its most recent split was on December 26, 2001, 24 years ago. Companies announce splits in advance, and any new OTC:USAE split will appear on this page.