Sep 22, 2024
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $86.80 to $434.00.
The split itself did not change the total investment value.
TECTONA LTD (TASE:TECT) operates in the Packaged software industry.
TECTONA LTD company overviewTECTONA LTD's most recent stock split was on September 22, 2024. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
TECTONA LTD (TASE:TECT) has split its stock 5 times: a 1-for-10 reverse split on June 24, 2012, a 1-for-12 reverse split on January 6, 2013, a 1-for-10 reverse split on June 28, 2015, a 1-for-3 reverse split on January 20, 2019, and a 1-for-5 reverse split on September 22, 2024.
TECTONA LTD has split its stock 5 times. This history records 5 reverse splits between June 24, 2012 and September 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 TECTONA LTD's 1-for-5 reverse split on September 22, 2024, every 5 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.
TECTONA LTD has not announced a new split in our records. Its most recent split was on September 22, 2024, 2 years ago. Companies announce splits in advance, and any new TASE:TECT split will appear on this page.
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