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Steakholder Foods Ltd. (NASDAQ:STKH), a global leader in 3D-printing technology for structured alt-protein production, today announced its plan to adjust the ratio of the company's American Depositary Shares (ADSs) in relation to its ordinary shares. The adjustment will change the current ratio from one (1) ADS representing five hundred (500) ordinary shares to a new ratio of one (1) ADS representing four thousand (4,000) ordinary shares, effective on September 10, 2025. Steakholder Foods' ADSs will continue to be traded on the Nasdaq Capital Market under the ticker "STKH," with an updated CUSIP Number of 583435409.
This ratio adjustment will essentially serve as a one-for-eight reverse ADS split for ADS holders, requiring no action on their part. The Bank of New York Mellon, serving as the depositary bank for Steakholder Foods' ADS program, will arrange for the exchange of every eight (8) existing ADSs held for one (1) new ADS on the effective date.
There will be no issuance of new ADSs in connection with the adjustment. Any fractional shares resulting from the adjustment will be aggregated and the depositary bank will attempt to sell them and distribute the net proceeds to the respective ADS holders.
Posted In: STKH
