Apr 22, 2024
1:7
For every 7 shares held, investors received 1. The price per share adjusted from $3.37 to $23.57.
The split itself did not change the total investment value.
Smart for Life, Inc. (OTC:SMFL) operates in the Pharmaceuticals: other industry.
Smart for Life, Inc. company overviewSmart for Life, Inc.'s most recent stock split was on April 22, 2024. It was a 1-for-7 reverse split, so shareholders received 1 share for every 7 they held.
Smart for Life, Inc. (OTC:SMFL) has split its stock 4 times: a 1-for-50 reverse split on April 24, 2023, a 1-for-3 reverse split on August 2, 2023, a 1-for-3 reverse split on October 27, 2023, and a 1-for-7 reverse split on April 22, 2024.
Smart for Life, Inc. has split its stock 4 times. This history records 4 reverse splits between April 24, 2023 and April 22, 2024.
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 Smart for Life, Inc.'s 1-for-7 reverse split on April 22, 2024, every 7 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.
Smart for Life, Inc. has not announced a new split in our records. Its most recent split was on April 22, 2024, 2 years ago. Companies announce splits in advance, and any new OTC:SMFL split will appear on this page.