American Depositary Receipt
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Investopedia· 2025-11-18 01:00
Nintendo trades in Japan, but U.S. investors can still buy in. The company’s shares are available through an American Depositary Receipt, which makes owning international stocks simpler. Learn how ADRs work and what to know before investing:https://t.co/qAecX92zqF https://t.co/Fcz2reo7qZ ...
Citi Appointed as Depositary Bank for POMDOCTOR LIMITED's ADR Program
Businesswire· 2025-10-17 17:47
Group 1 - Citi Issuer Services, through Citibank, N.A., has been appointed as the Depositary Bank for POMDOCTOR LIMITED's American Depositary Receipt (ADR) program [1] - POMDOCTOR LIMITED is a Chinese online medical services platform [1] - The American Depositary Shares (ADS) of POM trade on the Nasdaq Stock Exchange under the ticker "POM" [1] Group 2 - Each six (6) ADSs represent one (1) Class A ordinary share of POM [1] - The initial public offering price is set at US$4.00 per ADS [1] - The total offering details are not specified in the provided content [1]
Change to ADS Ratio and Stock Distribution
Globenewswire· 2025-10-15 20:30
Core Viewpoint - Nova Minerals Limited announces a 5 for 1 forward split of its American Depositary Receipt (ADR) program to enhance liquidity and align its share price with industry peers amid strong interest in its gold and antimony assets [5]. Group 1: ADR Program Changes - The ADR ratio has changed from 60 ordinary shares per 1 ADS to 12 ordinary shares per 1 ADS, effective October 28, 2025 [2][3]. - ADR holders will receive four additional ADSs for every one ADS held as of the record date, October 27, 2025 [4]. - The first day of trading under the new ratio is expected to be October 29, 2025 [3]. Group 2: Warrant Adjustments - The exercise price of the public warrants will decrease from $7.266 per ADS to $1.4532 per ADS following the forward stock split [6]. - The proportion of ADSs issued upon exercise of each warrant will adjust from one warrant for one ADS to one warrant for five ADSs, maintaining the aggregate exercise price unchanged [6]. Group 3: Company Overview - Nova Minerals Limited is focused on the exploration and development of gold, antimony, and critical minerals, particularly advancing the Estelle Project in Alaska [7]. - The Estelle Project covers 514 km² and contains multiple mining complexes with over 20 advanced gold and antimony prospects, including two defined multi-million ounce resources [7][8]. - The project is located in the Tintina Gold Belt, known for its significant gold endowment and historical antimony production [8].