Gravitas Education Plans To Change Ratio Of its ADS To Class A Ordinary Shares , From 1 ADS Representing 20 Shares To 1 ADS Representing 10 Shares, Effective October 31, 2023
Portfolio Pulse from Benzinga Newsdesk
Gravitas Education has announced plans to change the ratio of its ADS to Class A ordinary shares. The change will be from 1 ADS representing 20 shares to 1 ADS representing 10 shares, and it will be effective from October 31, 2023.
October 20, 2023 | 10:25 am
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Gravitas Education's decision to change the ratio of its ADS to Class A shares could potentially impact the value of its ADS. The change is set to take effect on October 31, 2023.
The change in the ratio of ADS to Class A shares means that each ADS will represent fewer shares than before. This could potentially impact the value of the ADS, as it will now represent a smaller portion of the company's equity. However, the exact impact will depend on various factors, including market conditions and investor sentiment at the time of the change.
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