- Kitov Pharma (NASDAQ:KTOV) has changed the ratio of its ADSs to ordinary shares from 1 ADS representing 1 ordinary share to a new ratio of 1 ADS representing 10 ordinary shares.
- The ratio change will be effective at the beginning of trading on August 21.
- For ADS holders, the ratio change will have the same effect as a 1/10 reverse ADS split.
- The ADS ratio change was to enable the Company to regain its compliance as per Nasdaq listing rule.
Kitov Pharma announces ADS ratio change
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