Zepp.US will change the ratio between its American depositary shares (ADS) and Class A common stock.
According to the Zhittong Finance app, Zepp.US announced on Friday that it will change the ratio between its American depositary shares (ADS) and Class A common stock from 1 ADS representing 4 shares of Class A common stock to 1 ADS representing 16 shares of Class A common stock. This change is expected to take effect around September 16, 2024, Eastern Time.
As of the time of writing, Zepp.US is down 1.06% in pre-market trading, at $0.84. The stock has fallen over 40% year to date.
