AIRG Split History

Airgain (AIRG) has 1 split in our AIRG split history database. The split for AIRG took place on November 09, 1998. This was a 1 for 5 reverse split, meaning for each 5 shares of AIRG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.

When a company such as Airgain 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 AIRG split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Airgain shares, starting with a $10,000 purchase of AIRG, presented on a split-history-adjusted basis factoring in the complete AIRG split history.

Growth of $10,000.00 Without Dividends Reinvested
Start date:	08/23/2016
End date:	06/09/2023
Start price/share:	$11.32
End price/share:	$6.00
Dividends collected/share:	$0.00
Total return:	-47.00%
Average Annual Total Return:	-8.92%
Starting investment:	$10,000.00
Ending investment:	$5,298.92
Years:	6.80

About Airgain

Airgain provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems. Co.'s product offering includes three sub-brands. Airgain Embedded™ represents Co.'s embedded modems, antennas, and development kits that help design teams bring connected products to market. Airgain Antenna+™ represents Co.'s external antennas, such as its fleet and Internet of things antennas, that help improve wireless signals in some of the harshest environments. Airgain Integrated™ represents Co.'s fully integrated products, such as its asset trackers, 5G connectivity solutions, and AirgainConnect® platform, that help remediate connectivity issues. According to our AIRG split history records, Airgain has had 1 split.