NaaS Technology (NAAS) has released an update.
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NaaS Technology Inc., a pioneering EV charging service company listed in the U.S. and based in China, has announced a revised effective date for its ADS Ratio change, now set to occur on June 13, 2024. The adjustment will act as a reverse split, where each ADS holder will exchange 20 current shares for 1 new share, potentially leading to a proportional increase in the ADS trading price. The company, however, cautions that the post-adjustment trading price is not guaranteed to be 20 times the pre-change price.
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