Biophytis Announces ADR Ratio Change: From 100 To 4,000 Shares Per ADS, Effective April 23
Portfolio Pulse from Benzinga Newsdesk
Biophytis SA announced a change in the ratio of its American Depositary Shares (ADSs) to ordinary shares, moving from one ADS representing 100 shares to one ADS representing 4,000 shares, effective April 23, 2024.
April 19, 2024 | 6:48 am
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The ADS ratio change for Biophytis SA from 1:100 to 1:4000 effective April 23, 2024, could significantly affect the stock's liquidity and potentially its market perception.
The change in ADS ratio directly impacts Biophytis SA's stock by altering the number of ordinary shares each ADS represents, which could affect the stock's liquidity by making it more accessible or less volatile. However, the impact on the stock price is uncertain without knowing market perception and investor reaction to this change.
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