Steakholder Foods (STKH) said late Friday it will change the ratio of its American Depositary Shares to one ADS representing 4,000 ordinary shares from one ADS representing 500 shares, effective on Sept. 10.
The change will essentially serve as a one-for-eight reverse ADS split for ADS holders, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.