Nov 01, 2021
24:25
For every 25 shares held, investors received 24. The price per share adjusted from $12.10 to $12.60.
The split itself did not change the total investment value.
Mustang Industrial Corp. (TPEX:5460) operates in the Metal fabrication industry.
Mustang Industrial Corp. company overviewMustang Industrial Corp.'s most recent stock split was on November 1, 2021. It was a 24-for-25 reverse split, so shareholders received 24 shares for every 25 they held.
Mustang Industrial Corp. (TPEX:5460) has split its stock 9 times: a 11-for-10 split on July 23, 2002, a 15-for-14 split on July 22, 2004, a 109-for-100 split on August 24, 2005, a 107-for-100 split on August 24, 2006, a 107-for-100 split on July 25, 2007, a 103-for-100 split on July 24, 2008, a 21-for-20 split on July 23, 2009, a 17-for-20 reverse split on November 4, 2019, and a 24-for-25 reverse split on November 1, 2021.
Mustang Industrial Corp. has split its stock 9 times. This history records 9 splits between July 23, 2002 and November 1, 2021.
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 Mustang Industrial Corp.'s 24-for-25 reverse split on November 1, 2021, every 25 shares became 24 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Mustang Industrial Corp. has not announced a new split in our records. Its most recent split was on November 1, 2021, 4 years ago. Companies announce splits in advance, and any new TPEX:5460 split will appear on this page.
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