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 Video: What is a Stock Split?
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| Tivic Health Systems is a commercial-phase bioelectronic medicine company focused on inflammation. Co. first product, ClearUP® Sinus Relief (ClearUP), is a patented handheld device that uses ultra-low electrical waves to relieve symptoms of sinus and nasal inflammation. ClearUP is a US FDA Class II and EU Class IIa medical device that has received three regulatory clearances: (US FDA 510(k) number K182025, US FDA De Novo number DEN200006 and EU CE Mark Certificate number CE 704687). ClearUP consistently gets high ratings from consumers across multiple sales platforms. According to our TIVC split history records, Tivic Health Systems has had 1 split. | |
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Tivic Health Systems (TIVC) has 1 split in our TIVC split history database. The split for TIVC took place on August 23, 2023. This was a 1 for 100 reverse split, meaning for each 100 shares of TIVC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 10 share position following the split.
When a company such as Tivic Health Systems 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 TIVC split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tivic Health Systems shares, starting with a $10,000 purchase of TIVC, presented on a split-history-adjusted basis factoring in the complete TIVC split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
11/12/2021 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$550.00 |
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| End price/share: |
$1.04 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-99.81% |
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| Average Annual Total Return: |
-92.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18.90 |
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| Years: |
2.45 |
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| Date |
Ratio |
| 08/23/2023 | 1 for 100 |
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