Xylo Technologies (XYLO) to Implement ADS Ratio Change
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Xylo Technologies Announces Plan to Implement ADS Ratio Change
July 30, 2024 4:00 PM EDTTel Aviv, Israel, July 30, 2024 (GLOBE NEWSWIRE) -- Xylo Technologies Ltd. (Nasdaq: XYLO) (Xylo and the Company), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle (EV) and charging solutions, announced today that it plans a ratio change which will result in a reverse split of the Companys American Depositary Receipt, or ADR, program on the basis of one (1) new ADS for every 2.666666 old ADSs held. As a result, the number of ordinary shares of the Company represented by each American Depositary Share, or ADS, will be changed... More
