Nov 29, 2002
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.20 to $4.00.
The split itself did not change the total investment value.
URBAN TELEVISION NETWORK CORP (OTC:URBT) operates in the Broadcasting industry.
URBAN TELEVISION NETWORK CORP company overviewURBAN TELEVISION NETWORK CORP's most recent stock split was on November 29, 2002. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
URBAN TELEVISION NETWORK CORP (OTC:URBT) has split its stock 2 times: a 1-for-10 reverse split on March 15, 1993 and a 1-for-20 reverse split on November 29, 2002.
URBAN TELEVISION NETWORK CORP has split its stock 2 times. This history records 2 reverse splits between March 15, 1993 and November 29, 2002.
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 URBAN TELEVISION NETWORK CORP's 1-for-20 reverse split on November 29, 2002, every 20 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.
URBAN TELEVISION NETWORK CORP has not announced a new split in our records. Its most recent split was on November 29, 2002, 23 years ago. Companies announce splits in advance, and any new OTC:URBT split will appear on this page.