Foresight to Triple ADS Price by Changing Ratio to 1:90 on Feb. 26
Foresight Autonomous announced it will change its ADS ratio from 1:30 to 1:90 effective Feb. 26, 2026, requiring holders to exchange every three existing ADSs for one new ADS. This adjustment aims to maintain Nasdaq compliance and is expected to triple per-unit price without altering share counts or voting power.
1. Ratio Change Details
Foresight Autonomous will adjust its ADS ratio from one ADS representing 30 ordinary shares to one ADS representing 90 ordinary shares, effective at the market open on Feb. 26, 2026. The company’s ADSs will retain the same ticker and trade under a new CUSIP number.
2. Exchange Mechanics
Holders of certificated ADSs must surrender every three existing ADSs to the depositary bank for cancellation and will receive one new ADS in return. ADSs held in the Direct Registration System (DRS) or The Depository Trust Company (DTC) will be automatically converted without action required.
3. Expected Impact and Purpose
The ratio change is designed to increase the per-ADS trading price proportionally—effectively tripling the unit price—to help maintain compliance with Nasdaq’s minimum bid requirements. The company notes there is no assurance the post-change price will equal or exceed the proportionate level.
4. Shareholder Impact and Filings
This action will not affect the total number of ordinary shares outstanding, nor will it alter any shareholder’s percentage ownership or voting power. A post-effective amendment to the Form F-6 registration statement will be filed to reflect the new ADS ratio.