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confidence high
sentiment neutral
materiality 0.40
Akari Therapeutics announces 1-for-40 reverse ADS ratio change to meet Nasdaq bid price requirement
Akari Therapeutics Plc
- ADS ratio changes from 1:2,000 to 1:80,000 ordinary shares; each 40 current ADSs become 1 new ADS effective March 31, 2026.
- No change to underlying ordinary shares; fractional ADSs will be aggregated and sold with cash proceeds distributed.
- Action intended to maintain compliance with Nasdaq minimum bid price requirement for continued listing.
- Trading continues on Nasdaq under symbol AKTX; Deutsche Bank will handle the exchange.