Earlyworks Co., Ltd. Sponsored ADR (ELWS) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Earlyworks Co., Ltd., a Japanese company known for its private blockchain technology, has successfully completed a ratio change of its American Depositary Shares (ADSs), effectively executing a reverse 1-for-5 ADS split. This adjustment aims to increase the trading price of its ADSs on the Nasdaq and ensure compliance with the exchange’s minimum bid price requirement, without altering shareholders’ proportional equity. No fractional ADSs were issued; instead, holders will receive cash proceeds for fractional entitlements.
For further insights into ELWS stock, check out TipRanks’ Stock Analysis page.