Aug 05, 2014
1:50
For every 50 shares held, investors received 1.
The split itself did not change the total investment value.
Southern ITS International Inc. (OTC:SITS) operates in the Miscellaneous commercial services industry.
Southern ITS International Inc. company overviewSouthern ITS International Inc.'s most recent stock split was on August 5, 2014. It was a 1-for-50 reverse split, so shareholders received 1 share for every 50 they held.
Southern ITS International Inc. (OTC:SITS) has split its stock 5 times: a 1-for-600 reverse split on September 28, 2007, a 1-for-50 reverse split on July 22, 2010, a 1-for-300 reverse split on April 11, 2012, a 2-for-1 split on December 21, 2012, and a 1-for-50 reverse split on August 5, 2014.
Southern ITS International Inc. has split its stock 5 times. This history records 5 splits between September 28, 2007 and August 5, 2014.
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 Southern ITS International Inc.'s 1-for-50 reverse split on August 5, 2014, every 50 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.
Southern ITS International Inc. has not announced a new split in our records. Its most recent split was on August 5, 2014, 12 years ago. Companies announce splits in advance, and any new OTC:SITS split will appear on this page.