Aug 02, 2017
1:100
For every 100 shares held, investors received 1. The price per share adjusted from $0.00 to $0.47.
The split itself did not change the total investment value.
PARAGON SHIPPING INC (OTC:PRGNF) operates in the Marine shipping industry.
PARAGON SHIPPING INC company overviewPARAGON SHIPPING INC's most recent stock split was on August 2, 2017. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
PARAGON SHIPPING INC (OTC:PRGNF) has split its stock 5 times: a 2-for-1 split on February 16, 1999, a 2-for-1 split on February 22, 2000, a 1-for-10 reverse split on November 6, 2012, a 1-for-38 reverse split on March 1, 2016, and a 1-for-100 reverse split on August 2, 2017.
PARAGON SHIPPING INC has split its stock 5 times. This history records 5 splits between February 16, 1999 and August 2, 2017.
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 PARAGON SHIPPING INC's 1-for-100 reverse split on August 2, 2017, every 100 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.
PARAGON SHIPPING INC has not announced a new split in our records. Its most recent split was on August 2, 2017, 9 years ago. Companies announce splits in advance, and any new OTC:PRGNF split will appear on this page.
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