Watercraft Firm Posts Stock Split
Sonic Jet Performance Inc., Huntington Beach-based maker of personal watercraft and recreational/sport boats, announced a 2-for-1 stock split, effective March 26 for shareholders of record March 12.
Directors approved the split “in an effort to provide more liquidity and to broaden shareholder base,” said president Alex Mardikian.
The company will have 13 million shares of stock outstanding after the split.
The stock, which trades over the counter, closed Thursday at $20.63, up 63 cents a share.
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