Member Login
Customer Login
(CercleFinance.com) – DBV Technologies announced Friday evening its intention to modify the ratio of its American Depositary Shares (ADS) in relation to its ordinary shares, each with a par value of 0.10 euros per share, and traded on segment B of Euronext.
The biopharmaceutical company plans to change the current ratio of one ADS for half of an ordinary share to a new one of one ADS for one ordinary share, a change which should be effective on June 3.
The transaction aims to enable DBV to comply with Nasdaq’s requirement of a floor price for its ADSs greater than one dollar. It will therefore have the effect of halving the number of ADSs and will have no impact on ordinary shares.
Copyright (c) 2024 Cercle Finance. The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.