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Ares Acquisition (AAC) has 2 splits in our AAC split history database. The first split for AAC took place on September 07, 1999. This was a 1 for 4 reverse split, meaning for each 4 shares of AAC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. AAC's second split took place on January 15, 2009. This was a 1 for 15 reverse split, meaning for each 15 shares of AAC owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 16.6666666666667 share position following the split.
When a company such as Ares Acquisition conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the AAC split history from start to finish, an original position size of 1000 shares would have turned into 16.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ares Acquisition shares, starting with a $10,000 purchase of AAC, presented on a split-history-adjusted basis factoring in the complete AAC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-0.52%|
|About Ares Acquisition|
|Ares Acquisition is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. According to our AAC split history records, Ares Acquisition has had 2 splits.|
|AAC Split History Table|
|09/07/1999||1 for 4|
|01/15/2009||1 for 15|
|Healthcare Stock Splits|
|AAC is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AAC shares outstanding history