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Video: What is a Stock Split?
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Nabors Energy Transition is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which Co. refer to throughout this prospectus as Co.'s initial business combination. According to our NETC split history records, Nabors Energy Transition Corp Class A has had 1 split. | |
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Nabors Energy Transition Corp Class A (NETC) has 1 split in our NETC split history database. The split for NETC took place on June 17, 2002. This was a 1 for 10 reverse split, meaning for each 10 shares of NETC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Nabors Energy Transition Corp Class A 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 NETC split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nabors Energy Transition Corp Class A shares, starting with a $10,000 purchase of NETC, presented on a split-history-adjusted basis factoring in the complete NETC split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/11/2022 |
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End date: |
12/18/2023 |
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Start price/share: |
$9.92 |
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End price/share: |
$11.00 |
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Dividends collected/share: |
$0.00 |
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Total return: |
10.89% |
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Average Annual Total Return: |
5.49% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,089.10 |
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Years: |
1.93 |
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Date |
Ratio |
06/17/2002 | 1 for 10 |
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