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0 0 0.101698113207547 0.101698113207547 0.101698113207547 0.101698113207547 0.0230188679245283 0.0433962264150942
Stock impact report

Steakholder Foods Announces ADS Ratio Adjustment

Steakholder Foods Ltd. - American Depositary Shares (STKH) 
Company Research Source: PR Newswire
REHOVOT, Israel, April 1, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in 3D-printed meat and fish technology and cultivated cell innovation, today announced its plan to adjust the ratio of the company's American Depositary Shares (ADSs) in relation to its ordinary shares. The adjustment will change the current ratio from one (1) ADS representing ten (10) ordinary shares to a new ratio of one (1) ADS representing one hundred (100) ordinary shares, effective on April 4, 2024. Steakholder Foods' ADSs will continue to be traded on the Nasdaq Capital Market under the ticker "STKH," with an updated CUSIP Number of 583435201.This ratio adjustment will essentially serve as a one-for-ten reverse ADS split for ADS holders, requiring no action on their part. The Bank of New York Mellon, serving as the depositary bank for Steakholder Foods' ADS program, will arrange for the exchange of every ten (10) existing ADSs held for one (1) new ADS on the effective date. Show less Read more
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