- Steakholder Foods (STKH, Financial) will adjust its ADS ratio to 1 ADS for 500 shares, effective April 28, 2025.
- A 1-for-5 reverse ADS split will leave shareholders with 1 new ADS for every 5 existing ones.
- Trading continues on Nasdaq under 'STKH' with a new CUSIP of 583435300.
Steakholder Foods Ltd. (STKH), a pioneer in 3D-printed meat and fish technology, announced a significant change in its American Depositary Shares (ADS) ratio. The company will modify its current ratio from one ADS representing 100 ordinary shares to one ADS representing 500 ordinary shares. This adjustment is set to take effect on April 28, 2025.
The adjustment will result in a one-for-five reverse ADS split, allowing shareholders to receive one new ADS for every five existing ADSs held. This change requires no action from shareholders as the transition will be managed automatically by The Bank of New York Mellon, the depositary bank for Steakholder Foods’ ADS program.
Post-adjustment, Steakholder Foods’ ADSs will continue to be traded on the Nasdaq Capital Market under the ticker "STKH," now with an updated CUSIP Number of 583435300. Although no new ADSs will be issued, any fractional shares resulting from the adjustment will be sold, with proceeds distributed to the respective ADS holders.
This strategic move by Steakholder Foods aims to maintain its presence in the market while restructuring its share framework without issuing additional shares. The company remains a leader in the alternative protein industry, committed to advancing food technology through its innovative 3D-printing methods.
