Burning Rock Biotech Executes Reverse ADS Split
Company Announcements

Burning Rock Biotech Executes Reverse ADS Split

Burning Rock Biotech Ltd. (BNR) has released an update.

Burning Rock Biotech Ltd. has announced an ADS Ratio Change, effectively conducting a one-for-ten reverse ADS split, set to take place on May 15, 2024. The shift means each American depositary share will represent ten Class A ordinary shares, with automatic exchanges for holders in electronic form and mandatory surrender for those with certificated ADSs. Despite the change, the company’s stock will continue to trade under the same ticker on the NASDAQ and LSE, and while an increase in ADS price is expected, it is not guaranteed.

For further insights into BNR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyBurning Rock Biotech, Dizal announce NMPA approval for sunvozertinib CDx
TipRanks Auto-Generated NewsdeskBurning Rock Biotech Announces Executive Changes
TheFlyBurning Rock Biotech CFO Leo Li resigns
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App