NaaS Technology Announces Effective Date Change For ADS Ratio Adjustment; Initially Set For June 10, 2024, Will Now Take Effect On June 13, 2024. The New ADS Ratio Will Be 1 ADS To 200 Class A Ordinary Shares, Equivalent To A One-For-Twenty Reverse ADS Split
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NaaS Technology has announced a change in the effective date for its ADS ratio adjustment. Initially set for June 10, 2024, the new date is June 13, 2024. The new ADS ratio will be 1 ADS to 200 Class A Ordinary Shares, equivalent to a one-for-twenty reverse ADS split.
June 07, 2024 | 12:04 pm
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NaaS Technology has changed the effective date for its ADS ratio adjustment to June 13, 2024. The new ratio will be 1 ADS to 200 Class A Ordinary Shares, equivalent to a one-for-twenty reverse ADS split.
The change in the effective date for the ADS ratio adjustment is a technical adjustment and does not fundamentally alter the company's financials or operations. However, it may cause short-term volatility in the stock price as investors adjust to the new ratio.
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