Steakholder Foods Ltd. (STKH) has released an update.
Steakholder Foods Ltd., a front-runner in 3D-printed and cultivated meat technology, has announced a reverse split of its American Depositary Shares (ADSs), changing the ratio from one ADS representing ten ordinary shares to one ADS representing one hundred. This move, effective April 4, 2024, aims to attract a wider investor base, enhance liquidity, and comply with Nasdaq’s minimum bid price requirements. The company reassures that the transition will be seamless for current ADS holders, with the Bank of New York Mellon managing the exchange process.
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