Corporate ActionJul 15, 2026, 08:21 AM
Quhuo to Terminate ADR Program, Direct List on Nasdaq with Share Consolidation
AI Summary
Quhuo Ltd. announced the termination of its American Depositary Receipt (ADR) program, as previously approved by shareholders and the board. The company will directly list its Class A ordinary shares on Nasdaq, with trading expected to commence on July 17, 2026, under the symbol "QH." Concurrently, Quhuo will implement a share consolidation, converting every 32,000 ordinary shares into one new ordinary share, resulting in ADS holders receiving 0.84375 post-consolidation Class A ordinary share per ADS.
Key Highlights
- Quhuo Ltd. is terminating its American Depositary Receipt (ADR) program.
- The company will directly list its Class A ordinary shares on The Nasdaq Stock Market LLC.
- The ADR program and Deposit Agreement are expected to terminate prior to market open on July 17, 2026.
- A share consolidation will occur, with every 32,000 ordinary shares consolidating into one new ordinary share.
- Each holder of one ADS will receive 0.84375 post-consolidation Class A ordinary share.
- Class A ordinary shares are expected to commence trading on Nasdaq on July 17, 2026, under symbol "QH" with CUSIP G73264114.
- Transhare Corporation has been appointed as the transfer agent for Class A ordinary shares.
Price Impact
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