Aug 22, 1997
1:100
For every 100 shares held, investors received 1.
The split itself did not change the total investment value.
Seafront Resources Corp. (PSE:SPM) operates in the Integrated oil industry.
Seafront Resources Corp. company overviewSeafront Resources Corp.'s most recent stock split was on August 22, 1997. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
Seafront Resources Corp. (PSE:SPM) has split its stock 2 times: a 23-for-20 split on January 30, 1997 and a 1-for-100 reverse split on August 22, 1997.
Seafront Resources Corp. has split its stock 2 times. This history records 2 splits between January 30, 1997 and August 22, 1997.
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 Seafront Resources Corp.'s 1-for-100 reverse split on August 22, 1997, 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.
Seafront Resources Corp. has not announced a new split in our records. Its most recent split was on August 22, 1997, 29 years ago. Companies announce splits in advance, and any new PSE:SPM split will appear on this page.
Already premium?