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Stock impact report

LightInTheBox Announces ADS Ratio Change

LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing twelve ordinary shares (LITB) 
Last lightinthebox holding co., ltd. american depositary shares, each representing twelve ordinary shares earnings: 6/15 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.lightinthebox.com
Company Research Source: PR Newswire
SINGAPORE, Aug. 27, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced that it plans to change the ratio of its American depositary shares ("ADSs") to its ordinary shares (the "ADS Ratio Change"), par value US$0.000067 per share, from the current ratio of one (1) ADS representing two (2) ordinary shares to a new ratio of one (1) ADS representing twelve (12) ordinary shares. The Company aims to effectuate the ADS Ratio Change on or about September 5, 2024, U.S. Eastern Time (the "Effective Date").For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-six reverse ADS split. Upon the Effective Date, ADS holders will be required to surrender and exchange every six existing ADSs they hold for one new ADS. The Bank of New York Mellon, as the depositary bank for the Company's ADS program, will arrange for the exchang Show less Read more
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