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Video: What is a Stock Split?

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Electrum Special Acquisition is a blank check company. According to our ELEC split history records, Electrum Special Acquisition has had 1 split.
ELEC split history picture
Electrum Special Acquisition (ELEC) has 1 split in our ELEC split history database. The split for ELEC took place on May 19, 1997. This was a 2 for 1 split, meaning for each share of ELEC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.

When a company such as Electrum Special 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 ELEC split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Electrum Special Acquisition shares, starting with a $10,000 purchase of ELEC, presented on a split-history-adjusted basis factoring in the complete ELEC split history. ELEC split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 01/23/2008
End date: 01/22/2018
Start price/share: $0.20
End price/share: $10.28
Dividends collected/share: $0.00
Total return: 5,040.00%
Average Annual Total Return: 48.25%
Starting investment: $10,000.00
Ending investment: $513,906.34
Years: 10.01
Date Ratio
05/19/19972 for 1

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