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 Video: What is a Stock Split?
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| Cascade is a blank check company newly incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. According to our CAS split history records, Cascade Acquisition has had 5 splits. | |
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Cascade Acquisition (CAS) has 5 splits in our CAS split history database. The first split for CAS took place on May 28, 1985. This was a 6 for 5 split, meaning for each 5 shares of CAS owned pre-split, the shareholder now owned 6 shares. For example, a 1000 share position pre-split, became a 1200 share position following the split. CAS's second split took place on June 13, 1988. This was a 5 for 4
split, meaning for each 4
shares of CAS owned pre-split, the shareholder now owned 5 shares. For example, a 1200 share position pre-split, became a 1500 share position following the split. CAS's third split took place on May 25, 1989. This was a 3 for 2
split, meaning for each 2
shares of CAS owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. CAS's 4th split took place on August 29, 1994. This was a 3 for 2
split, meaning for each 2
shares of CAS owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. CAS's 5th split took place on May 28, 1996. This was a 5 for 4
split, meaning for each 4
shares of CAS owned pre-split, the shareholder now owned 5 shares. For example, a 3375 share position pre-split, became a 4218.75 share position following the split.
When a company such as Cascade Acquisition splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the CAS split history from start to finish, an original position size of 1000 shares would have turned into 4218.75 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cascade Acquisition shares, starting with a $10,000 purchase of CAS, presented on a split-history-adjusted basis factoring in the complete CAS split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/15/2021 |
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| End date: |
06/07/2022 |
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| Start price/share: |
$10.15 |
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| End price/share: |
$10.09 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-0.59% |
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| Average Annual Total Return: |
-0.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,940.32 |
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| Years: |
1.39 |
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| Date |
Ratio |
| 05/28/1985 | 6 for 5 | | 06/13/1988 | 5 for 4
| | 05/25/1989 | 3 for 2
| | 08/29/1994 | 3 for 2
| | 05/28/1996 | 5 for 4
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