Split History
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Sonnet Biotherapeutics Holdings (SONN) has 4 splits in our SONN split history database. The first split for SONN took place on April 02, 2020. This was a 1 for 26 reverse split, meaning for each 26 shares of SONN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 38.4615384615385 share position following the split. SONN's second split took place on September 19, 2022. This was a 1 for 14 reverse split, meaning for each 14 shares of SONN owned pre-split, the shareholder now owned 1 share. For example, a 38.4615384615385 share position pre-split, became a 2.74725274725275 share position following the split. SONN's third split took place on September 01, 2023. This was a 1 for 22 reverse split, meaning for each 22 shares of SONN owned pre-split, the shareholder now owned 1 share. For example, a 2.74725274725275 share position pre-split, became a 0.124875124875125 share position following the split. SONN's 4th split took place on September 30, 2024. This was a 1 for 8 reverse split, meaning for each 8 shares of SONN owned pre-split, the shareholder now owned 1 share. For example, a 0.124875124875125 share position pre-split, became a 0.0156093906093906 share position following the split.
When a company such as Sonnet Biotherapeutics Holdings 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 SONN split history from start to finish, an original position size of 1000 shares would have turned into 0.0156093906093906 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sonnet Biotherapeutics Holdings shares, starting with a $10,000 purchase of SONN, presented on a split-history-adjusted basis factoring in the complete SONN split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 12/14/2015 | |
| End date: | 12/02/2025 | |
| Start price/share: | $59,579.52 | |
| End price/share: | $1.26 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -100.00% | |
| Average Annual Total Return: | -66.01% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $0.21 | |
| Years: | 9.98 | |
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| About Sonnet Biotherapeutics Holdings |
| Sonnet BioTherapeutics Holdings, Inc. is a clinical-stage, oncology-focused biotechnology company with a proprietary platform for biologic medicines of single-or bifunctional action. Its technology, namely Fully Human Albumin Binding (FHAB), utilizes a fully human single chain antibody fragment that binds to and hitch-hikes on human serum albumin for transport to target tissues. It designed the FHAB construct to improve drug accumulation in tumors, and to extend the duration of activity in the body. Its lead asset, SON-1010, is a fully human single-chain version of Interleukin 12, covalently linked to the FHAB construct, for which it is pursuing clinical development in solid tumors. According to our SONN split history records, Sonnet Biotherapeutics Holdings has had 4 splits. |
| SONN Split History Table | |
| Date | Ratio |
| 04/02/2020 | 1 for 26 |
| 09/19/2022 | 1 for 14 |
| 09/01/2023 | 1 for 22 |
| 09/30/2024 | 1 for 8 |
| Healthcare Stock Splits |
| SONN is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
SPEX Split History Also explore: SONN shares outstanding history
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