SplitJun 15, 2026, 06:01 AM
NIP Group Announces 1-for-30 Reverse ADS Split
AI Summary
NIP Group Inc. announced plans to change its American Depositary Share (ADS) ratio from 1 ADS representing 2 Class A ordinary shares to 1 ADS representing 60 Class A ordinary shares. This change is equivalent to a one-for-thirty reverse ADS split for current ADS holders and is expected to be effective around July 6, 2026. The exchange of ADSs will occur automatically, with no action required from holders, and fractional entitlements will be sold for cash. The company's underlying Class A ordinary shares will not be affected, and the ADS trading price is expected to increase proportionally.
Key Highlights
- NIP Group plans to change its ADS ratio from 1 ADS representing 2 Class A ordinary shares to 1 ADS representing 60 Class A ordinary shares.
- The ADS Ratio Change will have the same effect as a one-for-thirty reverse ADS split for ADS holders.
- The change is anticipated to be effective on or about July 6, 2026, U.S. Eastern Time.
- Holders of ADSs in DRS and DTC will have their ADSs automatically exchanged; no action is required.
- Every thirty existing ADSs will be exchanged for one new ADS.
- No fractional new ADSs will be issued; net cash proceeds from fractional entitlements will be distributed.
- The change will not impact the Company's underlying Class A ordinary shares.
- The trading price of ADSs is expected to increase proportionately after the change.
Price Impact
More from NIPG