Complex sentence: IBOPA was signed to Elektra Records-subsidiary Spongebath Records in April 1999 with plans to release three seven-inch records and a retrospective CD worldwide, but decided to fold three months later when Spongebath dropped the majority of its clients.
Split into simpler sentences: IBOPA was signed to Elektra Records-subsidiary Spongebath Records in April 1999 with plans to release three seven-inch records and a retrospective CD worldwide. The band decided to fold in July 1999 when Spongebath dropped the majority of its clients.