Corporate ActionMay 28, 2026, 08:02 AM
POMDOCTOR Plans 1-for-18 Reverse ADS Split
AI Summary
POMDOCTOR LIMITED announced a plan to change the ratio of its American Depositary Shares (ADSs) to its Class A ordinary shares. The current ratio of one ADS representing one-sixth Class A ordinary share will change to one ADS representing three Class A ordinary shares. This adjustment will have the same effect as a one-for-eighteen reverse ADS split for existing ADS holders, with an anticipated effective date around June 22, 2026. The company expects the trading price of its ADSs to increase proportionately.
Key Highlights
- POMDOCTOR plans to change its ADS ratio from 1 ADS for 1/6 Class A ordinary share to 1 ADS for 3 Class A ordinary shares.
- The ADS Ratio Change will have the same effect as a one-for-eighteen reverse ADS split for current ADS holders.
- The change is anticipated to be effective on or about June 22, 2026, U.S. Eastern Time.
- Holders of 18 existing ADSs will automatically receive 1 new ADS; no action is required.
- No fractional new ADSs will be issued; net cash proceeds from fractional entitlements will be distributed.
- The ADS Ratio Change will have no impact on the Company's underlying Class A ordinary shares.
- The trading price of the Company's ADSs is expected to increase proportionately.
Price Impact
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