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NIP Group plans 1-for-30 reverse ADS split via ratio change

PUBT·06/15/2026 10:00:30
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NIP Group plans 1-for-30 reverse ADS split via ratio change
  • NIP Group plans to change its ADS-to-share ratio to 1 ADS for 60 Class A ordinary shares from 1 ADS for 2 shares.
  • The change equates to a 1-for-30 reverse ADS split, targeted to take effect around July 6, 2026.
  • No fractional new ADSs will be issued; fractional entitlements will be sold, with net cash proceeds distributed to holders.
  • The ADSs will keep trading on Nasdaq under ticker NIPG; the ADS price is expected to rise proportionately.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NIP Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606150600PRIMZONEFULLFEED9746874) on June 15, 2026, and is solely responsible for the information contained therein.