Jun 04, 2012
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.38 to $1.88.
The split itself did not change the total investment value.
UMeWorld Inc. (OTC:UMEW) operates in the Biotechnology industry.
UMeWorld Inc. company overviewUMeWorld Inc.'s most recent stock split was on June 4, 2012. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
UMeWorld Inc. (OTC:UMEW) has split its stock 2 times: a 1-for-5 reverse split on March 22, 2002 and a 1-for-5 reverse split on June 4, 2012.
UMeWorld Inc. has split its stock 2 times. This history records 2 reverse splits between March 22, 2002 and June 4, 2012.
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 UMeWorld Inc.'s 1-for-5 reverse split on June 4, 2012, 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.
UMeWorld Inc. has not announced a new split in our records. Its most recent split was on June 4, 2012, 14 years ago. Companies announce splits in advance, and any new OTC:UMEW split will appear on this page.