Sonnet Biotherapeutics Holdings Inc (SONN) Stock Split History

Sonnet Biotherapeutics Holdings Inc has split its stock 5 times since its initial public offering (IPO). The first stock split occurred on May 19, 2017 with the ratio of 1-for-10, meaning that for 10 shares of SONN owned pre-split, shareholders then owned 1 share. 4 more splits have been implemented since then. The most recent stock split took place on September 30, 2024 on a 1-for-8 basis.

These splits have increased SONN 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 Sonnet Biotherapeutics Holdings Inc's total market capitalization.

For more detailed information of Sonnet Biotherapeutics Holdings Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Sonnet Biotherapeutics 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 SONN stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Sonnet Biotherapeutics Holdings Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.