DBV Technologies (DBVT) announced plans to change the ratio of its American Depositary Shares, or ADSs, to its ordinary shares, nominal value EUR 0.10 per share, from the current ADS Ratio of one ADS to one ordinary share to a new ADS Ratio of one ADS to five ordinary shares. The company anticipates that the ADS ratio change will be effective on or about November 29. For the company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-five reverse ADS split and is intended to enable the company to regain compliance with the Nasdaq minimum bid price requirement.
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