Connect Biopharma Holdings Ltd. has announced plans to terminate its American Depositary Receipt $(ADR.AU)$ program and directly list its ordinary shares on the Nasdaq Global Market. The transition will involve exchanging ADRs for ordinary shares at a one-for-one ratio. The company's ordinary shares will trade on Nasdaq under the symbol "CNTB" following the expected termination of the ADR program on or about September 2, 2025.
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