Red Cat Holdings Inc has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on July 23, 2014 with the ratio of 1-for-150, meaning that for 150 shares of RCAT owned pre-split, shareholders then owned 1 share. 2 more splits have been implemented since then. The most recent stock split took place on August 01, 2019 on a 1-for-1200 basis.
These splits have increased RCAT 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 Red Cat Holdings Inc's total market capitalization.
For more detailed information of Red Cat Holdings Inc's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Red Cat Holdings 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 RCAT stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Red Cat Holdings Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
