other material
confidence high
sentiment neutral
materiality 0.50
Amarin confirms 1-for-20 ADS reverse split effective April 11 to meet Nasdaq $1 minimum bid
AMARIN CORP PLCUK
- ADS ratio changes from 1:1 to 1:20 effective April 11, 2025, to meet Nasdaq $1.00 minimum bid price.
- No assurance that post-split ADS price will equal or exceed 20x pre-split price.
- Certificated ADS holders must surrender; DRS/DTC holders automatic exchange. No fractional ADSs issued.
- Fractional entitlements sold; net cash proceeds distributed to holders by depositary bank.
- Ordinary shares unchanged; trading symbol remains AMRN.