Nucana Plc (NCNA) has released an update.
NuCana plc has implemented a change in its American Depositary Shares (ADS) ratio, effectively conducting a one-for-twenty-five reverse ADS split without affecting shareholders’ proportional equity interests. This corporate maneuver aims to improve the liquidity of the company’s ADSs on the Nasdaq and to meet the exchange’s minimum bid price requirements. The adjustment was automatically applied to shareholders’ holdings, and fractional ADSs were aggregated, sold, and the proceeds distributed to the relevant ADS holders.
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