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Pensare Acquisition (WRLS) has 1 split in our WRLS split history database. The split for WRLS took place on January 27, 1999. This was a 1 for 4 reverse split, meaning for each 4 shares of WRLS 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.
When a company such as Pensare 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 WRLS split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Pensare Acquisition shares, starting with a $10,000 purchase of WRLS, presented on a split-history-adjusted basis factoring in the complete WRLS split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||1.88%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||4.56%|
|About Pensare Acquisition|
|Pensare Acquisition is a blank check company. According to our WRLS split history records, Pensare Acquisition has had 1 split.|
|WRLS Split History Table|
|01/27/1999||1 for 4|
|Technology Stock Splits|
|WRLS is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: WRLS shares outstanding history