Nucana Plc (NCNA) has released an update.
NuCana plc has announced a change in the ratio of its American Depository Shares (ADSs) to ordinary shares, effectively a one-for-twenty-five reverse ADS split, set to take effect around April 16, 2024. This move aims to improve liquidity and ensure compliance with Nasdaq’s minimum bid price requirement. Upon this change, ADS holders will automatically have their shares adjusted, with no action required for those holding uncertificated shares.
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