TC Biopharm (Holdings) Plc Sponsored ADR (TCBP) has released an update.
TC Biopharm (Holdings) Plc has announced an adjustment to the exercise price and ADS proportion for Warrant holders, due to a change in the ADS to ordinary share ratio. The ratio alteration from 1 ADS representing 20 ordinary shares to 1 ADS for 200 caused the exercise price to escalate from $500 to $5,000, with a matching adjustment in the Warrant to ADS exchange rate. Warrant holders are advised that their certificates and the company records have been updated accordingly, requiring no further action on their part.
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