Edesa Biotech Inc (EDSA) Stock Split History

Edesa Biotech Inc has split its stock 4 times since its initial public offering (IPO). The first stock split occurred on September 02, 2015 with the ratio of 1-for-10, meaning that for 10 shares of EDSA owned pre-split, shareholders then owned 1 share. 3 more splits have been implemented since then. The most recent stock split took place on October 11, 2023 on a 1-for-7 basis.

These splits have increased EDSA stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Edesa Biotech Inc's total market capitalization.

For more detailed information of Edesa Biotech Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Edesa Biotech Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when EDSA stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Edesa Biotech Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.