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Minim designs, produces, markets, sells, and supports Internet access and other communications-related products including cable modems and gateways, mobile broadband modems, wireless routers, Multimedia over Coax adapters, Digital Subscriber Line (DSL) modems, and dial-up modems. The majority of Co.'s products involve communication of data through the Internet. Co.'s cable modems connect to the cable-TV cable and its DSL modems connect to the local telephone line to provide a link to the Internet. Co.'s mobile broadband modems and its mobile broadband routers and sensors connect to the Internet through a mobile service provider's mobile broadband cellular network. According to our MINM split history records, Minim has had 1 split.
MINM split history picture
Minim (MINM) has 1 split in our MINM split history database. The split for MINM took place on April 17, 2023. This was a 1 for 25 reverse split, meaning for each 25 shares of MINM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split.

When a company such as Minim 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 MINM split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Minim shares, starting with a $10,000 purchase of MINM, presented on a split-history-adjusted basis factoring in the complete MINM split history. MINM split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 03/31/2014
End date: 03/27/2024
Start price/share: $3.25
End price/share: $6.03
Dividends collected/share: $0.00
Total return: 85.54%
Average Annual Total Return: 6.38%
Starting investment: $10,000.00
Ending investment: $18,557.79
Years: 10.00
Date Ratio
04/17/20231 for 25
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