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AMTD IDEA plans 1-for-60 depositary-share reverse split

AMTD IDEA says it believes the change will facilitate NYSE compliance after its ADS average closing price was below US$1.00 over a consecutive 30-trading-day period.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

AMTD IDEA Group will change its ADS ratio effective on or about October 19, 2026, U.S. Eastern Time: one ADS will represent 360 Class A ordinary shares instead of six. ADS holders will exchange every 60 ADSs held for one new ADS, the same effect as a one-for-60 reverse ADS split. The Bank of New York Mellon, the depositary bank, will arrange the exchange.

AMTD IDEA received a NYSE notice on July 8, 2026, stating that, as of July 7, its ADS average closing price was below US$1.00 over a consecutive 30-trading-day period. The notice has no immediate effect on the listing, subject to continued compliance with other NYSE continued listing requirements. The company believes the ratio change will facilitate regaining compliance. As of October 7, 2026, it had repurchased 4,417,036 ADSs under existing repurchase programs. No ordinary shares will be issued or canceled in connection with the change.

Filing Explained

For any ADS holder whose exchange produces a fractional new ADS, no fraction will be issued; the depositary will aggregate and sell the fractional entitlements, then distribute the net cash proceeds after applicable fees, taxes and expenses.

ADS ratio before change 1 ADS represents 6 Class A ordinary shares Current ratio before the announced change
ADS ratio after change 1 ADS represents 360 Class A ordinary shares Effective on or about October 19, 2026, U.S. Eastern Time
ADS exchange 60 ADSs for 1 new ADS Exchange required of ADS holders on the effective date
ADSs repurchased 4,417,036 ADSs Under existing repurchase programs, as of October 7, 2026
NYSE price threshold US$1.00 Average closing price was below this level over a consecutive 30-trading-day period as of July 7, 2026
NYSE notice review period 30 trading days Consecutive period cited in the July 8, 2026 notice
ADS Ratio Change financial
"announced that it will change the ratio"
An ads ratio change is an adjustment to how many American Depositary Shares (ADS) represent one unit of a foreign company’s ordinary shares — like changing whether a cake is cut into 2 or 10 slices. Investors care because it alters the number of tradable ADS, the implied price per ADS and an investor’s ownership stake, which can affect liquidity, perceived value and comparisons of holdings across markets.
depositary bank financial
"The Bank of New York Mellon, as the depositary bank"
A depositary bank is a financial institution that holds and safeguards a company's or investor’s securities, such as stocks or bonds, in a secure account. It acts like a digital safe, ensuring that ownership records are accurate and that transactions are processed smoothly. For investors, it provides confidence that their investments are protected and correctly recorded, making buying, selling, or transferring securities reliable and efficient.
fractional entitlements financial
"fractional entitlements to new ADSs will be aggregated and sold"
Fractional entitlements occur when a corporate action (like a dividend, stock split, rights offering or consolidation) would give a shareholder a non-whole share or security — for example, 0.5 of a share. Companies typically settle these fractions by paying a small cash amount or rounding up/down, and this matters to investors because it changes cash balances, can slightly alter ownership percentages, and may have small tax and record-keeping implications, much like receiving change after splitting a bill.
continued listing standards regulatory
"applicable NYSE continued listing standards"
Ongoing rules a stock exchange requires a listed company to meet to keep its shares trading publicly, such as minimum share price, market value, timely financial reports, and governance practices. Think of it as a membership checklist for a club: falling short can lead to warnings or removal from the exchange, which can sharply reduce liquidity, investor confidence, and a stock’s value. Investors watch these standards to gauge regulatory risk and the stability of their holdings.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is AMTD’s new ADS ratio?

AMTD IDEA will change the ratio from one ADS representing six Class A ordinary shares to one ADS representing 360 Class A ordinary shares, effective on or about October 19, 2026, U.S. Eastern Time. ADS holders will exchange every 60 ADSs held for one new ADS.

Why is AMTD changing its ADS ratio?

AMTD IDEA says it believes the change will facilitate regaining compliance with NYSE continued listing standards. The company received a NYSE notice on July 8, 2026, after its ADS average closing price was below US$1.00 over a consecutive 30-trading-day period as of July 7.

What happens to fractional AMTD ADSs in the ratio change?

No fractional new ADSs will be issued. The depositary bank will aggregate and sell fractional entitlements, then distribute the net cash proceeds to applicable ADS holders after deduction of fees, taxes and expenses, where applicable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-39006

 

 

 

AMTD IDEA Group

(Translation of registrant’s name into English)

 

 

 

66 rue Jean-Jacques Rousseau

75001 Paris

France

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1     Press Release – AMTD IDEA Group Announces ADS Ratio Change

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  AMTD IDEA Group
     
  By: /s/ Feridun Hamdullahpur
  Name:  Dr. Feridun Hamdullahpur
  Title: Director
     
Date: October 6, 2026    

 

2

 

Exhibit 99.1 

 

AMTD IDEA Group Announces ADS Ratio Change

PARIS & NEW YORK & SINGAPORE — AMTD IDEA Group (NYSE: AMTD; SGX: HKB) (“AMTD IDEA” or the “Company”), today announced that it will change the ratio of its American depositary shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio Change”), par value US$0.0001 per share, from one (1) ADS representing six (6) Class A ordinary shares to one (1) ADS representing 360 Class A ordinary shares, effective on or about October 19, 2026, U.S. Eastern Time (the “Effective Date”).

 

On July 8, 2026, the Company received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating that the Company was not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of July 7, 2026, the average closing price of the Company’s ADSs was less than US$1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Company’s ADSs on the NYSE, subject to the Company’s continued compliance with the NYSE’s other continued listing requirements. The Notice is not expected to affect the Company’s business operations or its reporting obligations with the U.S. Securities and Exchange Commission.

 

The Company believes that the ADS Ratio Change will facilitate the Company in regaining compliance with the applicable NYSE continued listing standards. The ADS Ratio Change will not affect the Company’s underlying business operations, financial condition, assets, liabilities or shareholders’ equity.

 

The Company remains confident in its long-term strategy, business fundamentals and growth prospects. Underscoring this confidence and its ongoing commitment to enhancing long-term shareholder value, the Company continues to actively execute its share repurchase programs as previously announced. As of October 7, 2026, the Company has repurchased 4,417,036 ADSs under the existing repurchase programs.

 

For the Company’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-60 reverse ADS split. On the Effective Date, ADS holders will be required to surrender and exchange every 60 ADSs then held for one (1) new ADS. The Bank of New York Mellon, as the depositary bank for the Company’s ADS program, will arrange for the exchange. The Company’s ADSs will continue to be traded on the New York Stock Exchange under the ticker symbol “AMTD” with a new CUSIP.

 

No fractional new ADSs will be issued in connection with the ADS Ratio Change. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses, where applicable) will be distributed to the applicable ADS holders by the depositary bank. The ADS Ratio Change will have no impact on the Company’s underlying Class A ordinary shares, and no ordinary shares will be issued or canceled in connection with the ADS Ratio Change.

 

About AMTD IDEA Group

 

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions conglomerate group, connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter”) at @AMTDGroup.

 

Safe Harbor Statement

 

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

For more information, please contact:

 

IR Office

 

AMTD IDEA Group

 

EMAIL: ir@amtdinc.com

 

 

Filing Exhibits & Attachments

1 document

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