After a reverse split.
Of 1,440 reverse splits by listed US companies since 2011, 78% left the company still listed 2 years later.
- Still listed78.5%
- Delisted10.3%
- Bankrupt6.3%
- Stopped reporting1.7%
- Acquired3.3%
- Did another reverse split15%
- Raised money within a year28%
Based on 1,440 cases at 1,201 companies.
Method
How this is measured
Every US exchange-listed company found to have done a reverse split from 2011 to 2024, including the ones that later failed or were bought. Splits are found in SEC filings (the share count on a cover page fell by half or more, and later filings restated past share counts the same way); what happened within two years comes from SEC filings too: bankruptcy filings, delisting notices, merger filings, and companies that stopped filing reports. Still listed two years later: 79% of splits since 2018, 78% from 2011 to 2017. A company that never filed again after its split can be missed, so the picture may be a little kinder than it was. A pattern across many companies says little about any one company.
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