Toughbuilt Industries Inc (TBLT) Stock Split History

Toughbuilt Industries Inc has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on April 15, 2020 with the ratio of 1-for-10, meaning that for 10 shares of TBLT owned pre-split, shareholders then owned 1 share. 2 more splits have been implemented since then. The most recent stock split took place on January 02, 2024 on a 1-for-65 basis.

These splits have increased TBLT 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 Toughbuilt Industries Inc's total market capitalization.

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

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