An announcement from WiMi Hologram Cloud ( (WIMI) ) is now available.
On February 24, 2025, WiMi Hologram Cloud Inc. announced the termination of its Deposit Agreement with JPMorgan Chase Bank, effective April 2, 2025. This will result in the automatic cancellation of American depositary shares (ADSs) and a mandatory exchange for underlying Class B ordinary shares. Concurrently, an extraordinary general meeting is scheduled for March 25, 2025, to vote on a share consolidation and capital increase proposal, significantly altering the company’s share structure. These changes could impact shareholder voting rights and market positioning.
More about WiMi Hologram Cloud
WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), founded in 2015, is a leading provider of augmented reality (AR) services in China. The company operates an integrated holographic AR application platform and boasts a comprehensive AR content library, with an advanced image processing capability that surpasses industry norms.
YTD Price Performance: -24.40%
Average Trading Volume: 9,085,863
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $124.7M
For detailed information about WIMI stock, go to TipRanks’ Stock Analysis page.