Zhihu Inc. Announces Plan to Implement ADS Ratio Change [Yahoo! Finance]
Zhihu Inc. American Depositary Shares (every two of each representing one Class A ordinary share) (ZH)
Company Research
Source: Yahoo! Finance
announced that it plans to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio Change"), par value US$0.0001 per share, from the current ratio of two ADSs representing one Class A ordinary share to a new ratio of one ADS representing three Class A ordinary shares, effective on or about May 10, 2024 , U.S. Eastern Time (the "Effective Date"). For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-six reverse ADS split. Upon the Effective Date, ADS holders will be required to surrender and exchange every six existing ADSs then held for one new ADS. JPMorgan Chase Bank, N.A., as the depositary bank for the Company's ADS program, will arrange for the exchange. The Company's ADSs will continue to be traded on the New York Stock Exchange under the ticker symbol "ZH." No fractional new ADSs will be issued in connection with the ADS Ratio Change. Instead, fractional entitlements to new ADSs will be
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News
- Here's Why We're Not Too Worried About Zhihu's (NYSE:ZH) Cash Burn Situation [Yahoo! Finance]Yahoo! Finance
- Zhihu Inc. Announces Plan to Implement ADS Ratio ChangePR Newswire
- Zhihu Inc. Files Its 2023 Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- Zhihu Inc. Files Its 2023 Annual Report on Form 20-FPR Newswire
- The Consensus EPS Estimates For Zhihu Inc. (NYSE:ZH) Just Fell Dramatically [Yahoo! Finance]Yahoo! Finance
ZH
Sec Filings
- 5/8/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/26/24 - Form F-6
- ZH's page on the SEC website