Burning Rock Biotech Ltd. (BNR) has released an update.
Burning Rock Biotech Ltd. has announced an ADS Ratio Change, effectively conducting a one-for-ten reverse ADS split, set to take place on May 15, 2024. The shift means each American depositary share will represent ten Class A ordinary shares, with automatic exchanges for holders in electronic form and mandatory surrender for those with certificated ADSs. Despite the change, the company’s stock will continue to trade under the same ticker on the NASDAQ and LSE, and while an increase in ADS price is expected, it is not guaranteed.
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