When a company such as IPCI 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 IPCI split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IPCI shares, starting with a $10,000 purchase of IPCI, presented on a split-history-adjusted basis factoring in the complete IPCI split history.

About IPCI

Intellipharmaceutics International is engaged in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs. Co.'s patented Hypermatrix™ technology is a multidimensional controlled-release drug delivery platform that can be applied to the development of a range of existing and new pharmaceuticals. Based on this technology platform, Co. has developed several drug delivery systems, a pipeline of products and product candidates in various stages of development in therapeutic areas that include neurology, cardiovascular, gastrointestinal tract, diabetes and pain. According to our IPCI split history records, IPCI has had 1 split.

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