Biodexa Pharmaceuticals shares are trading lower. The company announced a ratio change on its ADRs from one ADS unit representing 400 ordinary shares to representing 10,000 ordinary shares.
Portfolio Pulse from Benzinga Newsdesk
Biodexa Pharmaceuticals has announced a change in the ratio of its American Depositary Receipts (ADRs), with one ADS unit now representing 10,000 ordinary shares instead of 400. This change has led to a decrease in the company's share price.
September 20, 2024 | 6:18 pm
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Biodexa Pharmaceuticals has adjusted its ADR ratio from 1:400 to 1:10,000, leading to a decline in share price.
The change in ADR ratio from 1:400 to 1:10,000 is a significant adjustment that can affect investor perception and trading dynamics, leading to a decrease in share price. Such changes often signal restructuring or strategic shifts, which can create uncertainty among investors.
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