Steakholder Foods Announces ADS Ratio Adjustment
Steakholder Foods (Nasdaq: STKH), a 3D-printed meat and fish technology innovator, has announced an adjustment to its American Depositary Shares (ADSs) ratio. The company will change its current ratio from 1 ADS representing 100 ordinary shares to 1 ADS representing 500 ordinary shares, effective April 28, 2025.
This adjustment will function as a one-for-five reverse ADS split. The company's ADSs will continue trading on the Nasdaq Capital Market under 'STKH' with a new CUSIP Number of 583435300. The Bank of New York Mellon, the depositary bank, will manage the exchange process, with holders receiving 1 new ADS for every 5 existing ADSs. Any fractional shares will be sold, with proceeds distributed to ADS holders.
Steakholder Foods (Nasdaq: STKH), innovatore nella tecnologia di carne e pesce stampati in 3D, ha annunciato una modifica nel rapporto delle sue American Depositary Shares (ADS). L'azienda cambierà l'attuale rapporto da 1 ADS che rappresenta 100 azioni ordinarie a 1 ADS che rappresenta 500 azioni ordinarie, a partire dal 28 aprile 2025.
Questa modifica avrà la funzione di un split inverso 1 per 5 delle ADS. Le ADS della società continueranno a essere negoziate sul Nasdaq Capital Market con il simbolo 'STKH' e un nuovo numero CUSIP 583435300. La Bank of New York Mellon, banca depositaria, gestirà il processo di scambio, con gli azionisti che riceveranno 1 nuova ADS per ogni 5 ADS possedute. Le eventuali frazioni di azioni saranno vendute e il ricavato distribuito ai detentori delle ADS.
Steakholder Foods (Nasdaq: STKH), innovador en tecnología de carne y pescado impresos en 3D, ha anunciado un ajuste en la proporción de sus American Depositary Shares (ADS). La compañía cambiará la proporción actual de 1 ADS que representa 100 acciones ordinarias a 1 ADS que representa 500 acciones ordinarias, vigente a partir del 28 de abril de 2025.
Este ajuste funcionará como una consolidación inversa de ADS 1 por 5. Las ADS de la empresa continuarán cotizando en el Nasdaq Capital Market bajo el símbolo 'STKH' con un nuevo número CUSIP 583435300. El Bank of New York Mellon, banco depositario, gestionará el proceso de intercambio, y los titulares recibirán 1 nueva ADS por cada 5 ADS actuales. Las fracciones de acciones se venderán y los ingresos se distribuirán a los titulares de ADS.
Steakholder Foods (나스닥: STKH)는 3D 프린팅 육류 및 어류 기술 혁신 기업으로, 미국예탁증서(ADS) 비율 조정을 발표했습니다. 회사는 현재 1 ADS가 보통주 100주를 나타내는 비율에서 1 ADS가 보통주 500주를 나타내는 비율로 2025년 4월 28일부터 변경할 예정입니다.
이번 조정은 1대 5 역병합(리버스 스플릿)의 형태로 진행됩니다. 회사의 ADS는 'STKH' 심볼로 나스닥 캐피탈 마켓에서 계속 거래되며, 새로운 CUSIP 번호는 583435300입니다. 예탁은행인 뱅크 오브 뉴욕 멜론이 교환 절차를 관리하며, 보유자는 기존 ADS 5주당 1주의 새로운 ADS를 받게 됩니다. 소수점 주식은 매각되어 그 수익은 ADS 보유자에게 분배됩니다.
Steakholder Foods (Nasdaq : STKH), innovateur dans la technologie de viande et poisson imprimés en 3D, a annoncé un ajustement du ratio de ses American Depositary Shares (ADS). La société modifiera son ratio actuel de 1 ADS représentant 100 actions ordinaires à 1 ADS représentant 500 actions ordinaires, à compter du 28 avril 2025.
Cet ajustement prendra la forme d'une division inversée des ADS au ratio de 1 pour 5. Les ADS de la société continueront à être négociées sur le Nasdaq Capital Market sous le symbole 'STKH' avec un nouveau numéro CUSIP 583435300. La Bank of New York Mellon, banque dépositaire, gérera le processus d’échange, les détenteurs recevant 1 nouvelle ADS pour 5 ADS existantes. Les fractions d’actions seront vendues et les produits distribués aux détenteurs d’ADS.
Steakholder Foods (Nasdaq: STKH), ein Innovator im Bereich 3D-gedrucktes Fleisch und Fisch, hat eine Anpassung des Verhältnisses seiner American Depositary Shares (ADS) angekündigt. Das Unternehmen wird das derzeitige Verhältnis von 1 ADS, das 100 Stammaktien repräsentiert, auf 1 ADS, das 500 Stammaktien repräsentiert, zum 28. April 2025 ändern.
Diese Anpassung erfolgt als 1-zu-5 Reverse-ADS-Split. Die ADS des Unternehmens werden weiterhin unter dem Kürzel 'STKH' am Nasdaq Capital Market gehandelt, mit einer neuen CUSIP-Nummer 583435300. Die Bank of New York Mellon, die Depotbank, wird den Umtauschprozess verwalten, wobei Inhaber für jeweils 5 bestehende ADS 1 neue ADS erhalten. Bruchteile von Aktien werden verkauft und der Erlös an die ADS-Inhaber verteilt.
- No additional share issuance required for the ratio adjustment
- Continued listing on Nasdaq maintained
- Reverse ADS split could indicate potential share price concerns
- Dilutive effect on ADS holders as they receive fewer shares
Rehovot, Israel, April 23, 2025 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in 3D-printed meat and fish technology and cultivated cell innovation, today announced its plan to adjust the ratio of the company's American Depositary Shares (ADSs) in relation to its ordinary shares. The adjustment will change the current ratio from one (1) ADS representing one hundred (100) ordinary shares to a new ratio of one (1) ADS representing five hundred (500) ordinary shares, effective on April 28, 2025. Steakholder Foods' ADSs will continue to be traded on the Nasdaq Capital Market under the ticker "STKH," with an updated CUSIP Number of 583435300.
This ratio adjustment will essentially serve as a one-for-five reverse ADS split for ADS holders, requiring no action on their part. The Bank of New York Mellon, serving as the depositary bank for Steakholder Foods’ ADS program, will arrange for the exchange of every five (5) existing ADSs held for one (1) new ADS on the effective date.
There will be no issuance of new ADSs in connection with the adjustment. Any fractional shares resulting from the adjustment will be aggregated and the depositary bank will attempt to sell them and distribute the net proceeds to the respective ADS holders.
About Steakholder Foods
Steakholder Foods is at the forefront of transforming the alternative protein industries through its advanced technology. Founded in 2019, Steakholder Foods specializes in developing and selling 3D-printing production machines, supported by proprietary premix blends, formulated from the highest-quality raw ingredients. These innovative tools are designed to help manufacturers of all sizes efficiently produce foods that meet and exceed consumer expectations for taste, texture, and appearance and offer a safe and sustainable alternative to industrialized meat and seafood production.
Steakholder Foods’ expertise in creating alternative proteins products that replicate the complex textures of traditional meats such as beef steaks, white fish, shrimp, and eel. The company is also exploring the integration of cultivated cells, preparing for future advancements in food technology.
For more information, please visit: https://steakholderfoods.com
Forward-Looking Statements
This press release contains forward-looking statements concerning Steakholder Foods’ business, operations and financial performance and condition as well as plans, objectives, and expectations for Steakholder Foods’ business operations and financial performance and condition. Any statements that are not historical facts may be deemed to be forward-looking statements. Forward-looking statements reflect Steakholder Foods’ current views with respect to future events and are based on assumptions and subject to known and unknown risks and uncertainties, which change over time, and other factors that may cause Steakholder Foods’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan” or words or phases of similar meaning and include, without limitation, Steakholder Foods’ expectations regarding the success of the technologies which it is developing, which may require significant additional work before Steakholder Foods can potentially launch commercial sales; Steakholder Foods’ research and development activities associated with printing technologies, including three-dimensional food printing, which involves a lengthy and complex process; Steakholder Foods’ ability to obtain and enforce its intellectual property rights and to operate its business without infringing, misappropriating, or otherwise violating the intellectual property rights and proprietary technology of third parties; and other risks and uncertainties, including those identified in Steakholder Foods’ Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission on March 31, 2025. New risks and uncertainties may emerge from time to time, and it is not possible for Steakholder Foods to predict their occurrence or how they will affect Steakholder Foods. If one or more of the factors affecting Steakholder Foods’ forward-looking information and statements proves incorrect, then Steakholder Foods’ actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, Steakholder Foods cautions you not to place undue reliance on its forward-looking information and statements. Steakholder Foods disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.
| Press Contact: | Investor Contacts: | ||
| Steakholder Foods info@steakholderfoods.com | Steakholder Foods investors@steakholderfoods.com | ||
FAQ
What is the new ADS ratio for Steakholder Foods (STKH) after the April 2025 adjustment?
How will the Steakholder Foods (STKH) ADS ratio change affect shareholders?
Will Steakholder Foods (STKH) continue trading on Nasdaq after the ADS ratio change?
Do Steakholder Foods (STKH) shareholders need to take any action for the ADS ratio adjustment?
