Jul 14, 2021
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $1.89 to $3.78.
The split itself did not change the total investment value.
Pinetree Capital Ltd. (TSX:PNP) operates in the Financial conglomerates industry.
Pinetree Capital Ltd. company overviewPinetree Capital Ltd.'s most recent stock split was on July 14, 2021. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Pinetree Capital Ltd. (TSX:PNP) has split its stock 8 times: a 4-for-7 reverse split on June 9, 2004, a 2-for-1 split on July 17, 2006, a 2-for-1 split on April 3, 2007, a 7-for-6 split on March 21, 2016, a 1-for-100 reverse split on July 22, 2016, a 1141-for-1000 split on May 17, 2017, a 88-for-81 split on April 5, 2021, and a 1-for-2 reverse split on July 14, 2021.
Pinetree Capital Ltd. has split its stock 8 times. This history records 8 splits between June 9, 2004 and July 14, 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 Pinetree Capital Ltd.'s 1-for-2 reverse split on July 14, 2021, every 2 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.
Pinetree Capital Ltd. has not announced a new split in our records. Its most recent split was on July 14, 2021, 5 years ago. Companies announce splits in advance, and any new TSX:PNP split will appear on this page.
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