DBV Technologies SA – American (DBVT) has issued an announcement.
DBV Technologies S.A. is set to adjust the ratio of its American Depositary Shares (ADSs) in a move that will see a one for two split of issued and outstanding ADSs, effectively doubling the nominal share representation of each ADS. This change, which will take effect around June 3, 2024, aims to potentially increase the market price per ADS, though the company acknowledges there’s no guarantee it will meet Nasdaq’s minimum bid price requirement. The adjustment will not impact the underlying Ordinary Shares.
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