Qualstar Sets April 29 Effective Date for 3-for-1 Stock Split, Temporary Symbol QBAKD
QBAK has more than doubled off its 52-week low of $3 on light trading volume (0.2× avg).
Summary
Qualstar Corporation has provided an update on its previously announced 3-for-1 forward stock split. The company confirmed that the stock split will be reflected in trading on the OTC Markets and in shareholder brokerage accounts on April 29, 2026. For 20 business days following the split, the shares will trade under the temporary symbol QBAKD before reverting to QBAK. This update provides critical operational details for traders regarding the effective date and temporary symbol change, which are necessary for managing positions and ensuring accurate trading. A forward stock split typically aims to increase share accessibility and liquidity, potentially attracting more investors to this OTC-listed company.
At the time of this announcement, QBAK was trading at $11.30 on OTC in the Technology sector, with a market capitalization of approximately $21.3M. The 52-week trading range was $3.00 to $20.75. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.