- Amarin Corporation (AMRN, Financial) announces a 1-for-20 ADS ratio change effective April 11, 2025.
- The change aims to meet Nasdaq's $1.00 minimum bid price requirement to maintain its listing.
- Ordinary shares remain unaffected; ADSs continue trading under the symbol 'AMRN'.
Amarin Corporation (AMRN) has confirmed that the effective date for its previously announced 1-for-20 American Depositary Shares (ADS) ratio change will be April 11, 2025. This strategic decision changes the ratio from one ADS representing one ordinary share to one ADS representing twenty ordinary shares. The adjustment aims to increase the per-share market price of Amarin's ADSs to comply with Nasdaq's minimum bid price requirement of $1.00, ensuring the company maintains its listing on The Nasdaq Capital Market.
While this change is primarily targeted at sustaining Amarin's market presence, the company cautions that there is no guarantee the post-change trading price will be exactly twenty times the pre-change price. However, this move is an essential step in maintaining compliance with Nasdaq's listing standards.
It's important to note that the ratio change will not affect Amarin's ordinary shares, which will remain unchanged. Also, the ADSs will continue to trade under the symbol 'AMRN' on The Nasdaq Capital Market.
