SplitJun 23, 2026, 06:16 AM
Jinxin Technology Plans 1-for-25 Reverse ADS Split
AI Summary
Jinxin Technology Holding Company announced a plan to change the ratio of its American Depositary Shares (ADSs) to ordinary shares. The new ratio will be one ADS representing 450 ordinary shares, up from the current one ADS representing 18 ordinary shares. This adjustment is equivalent to a one-for-25 reverse ADS split and is expected to become effective on June 25, 2026. The company anticipates a proportionate increase in the ADS trading price, with no impact on the underlying ordinary shares.
Key Highlights
- Plans to change ADS ratio from 1 ADS:18 ordinary shares to 1 ADS:450 ordinary shares.
- The change will have the same effect as a one-for-25 reverse ADS split.
- Effective date for the ADS Ratio Change is anticipated to be June 25, 2026, U.S. Eastern Time.
- ADS holders will exchange every 25 existing ADSs for one new ADS.
- Fractional new ADSs will be sold, and net cash proceeds distributed to applicable holders.
- The change will not impact the Company's underlying ordinary shares.
- Trading price of ADSs is expected to increase proportionately after the change.
Price Impact
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