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Video: What is a Stock Split?
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Atlas Crest Investment Corp. II is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. According to our ACII split history records, ACII has had 1 split. | |
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ACII (ACII) has 1 split in our ACII split history database. The split for ACII took place on August 13, 2007. This was a 1 for 7 reverse split, meaning for each 7 shares of ACII owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split.
When a company such as ACII conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ACII split history from start to finish, an original position size of 1000 shares would have turned into 142.857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ACII shares, starting with a $10,000 purchase of ACII, presented on a split-history-adjusted basis factoring in the complete ACII split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/30/2021 |
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End date: |
12/01/2022 |
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Start price/share: |
$9.66 |
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End price/share: |
$10.07 |
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Dividends collected/share: |
$0.00 |
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Total return: |
4.24% |
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Average Annual Total Return: |
2.51% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,423.71 |
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Years: |
1.67 |
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Date |
Ratio |
08/13/2007 | 1 for 7 |
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