NIP Group Sets One-for-30 Reverse ADS Split Effective July 6, 2026
NIPG•NIP Group will implement a reverse ADS split effective July 6, 2026, changing its ADS ratio from one representing two Class A shares to one representing sixty Class A shares. Fractional entitlements will be sold and net proceeds distributed to holders, and post-split ADSs will trade under the same ticker on Nasdaq.
1. ADS Ratio Change Implementation
On July 6, 2026 U.S. Eastern Time, NIP Group will change its ADS ratio from one ADS representing two Class A ordinary shares to one ADS representing sixty Class A ordinary shares, effectively a one-for-thirty reverse ADS split for U.S. holders.
2. Post-Split Trading Mechanics
Existing ADSs held in the Direct Registration System and The Depository Trust Company will be automatically exchanged—every thirty old ADSs will be cancelled and replaced by one new ADS under the same ticker symbol, with trading on Nasdaq commencing at market open on the effective date.
3. Fractional Entitlement Treatment
No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold by the depositary bank, with net cash proceeds from those sales distributed to ADS holders in accordance with deposit agreement procedures.
