Jinxin Technology (NASDAQ: NAMI) sets 1-for-25 ADS ratio shift
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Jinxin Technology Holding Company plans to change the ratio of its American Depositary Shares from one ADS representing 18 ordinary shares to one ADS representing 450 ordinary shares. For ADS holders, this functions as a one-for-25 reverse ADS split effective on June 25, 2026, U.S. Eastern Time.
Each ADS holder of record on the effective date must surrender every 25 existing ADSs for one new ADS, with Deutsche Bank Trust Company Americas arranging the exchange. No fractional ADSs will be issued; fractional entitlements will be aggregated, sold, and net cash proceeds distributed to holders. The Company’s ADSs will continue trading on Nasdaq under the symbol NAMI, and the change does not affect the number of underlying ordinary shares.
Positive
- None.
Negative
- None.
Key Figures
Current ADS ratio: 1 ADS : 18 ordinary shares
New ADS ratio: 1 ADS : 450 ordinary shares
Reverse ADS split equivalent: 1-for-25
+2 more
5 metrics
Current ADS ratio
1 ADS : 18 ordinary shares
Ratio before ADS Ratio Change
New ADS ratio
1 ADS : 450 ordinary shares
Ratio after ADS Ratio Change
Reverse ADS split equivalent
1-for-25
Effect of ADS Ratio Change for ADS holders
Exchange requirement
25 existing ADSs for 1 new ADS
For ADS holders of record on Effective Date
Effective date
June 25, 2026
ADS Ratio Change effective U.S. Eastern Time
Key Terms
ADS Ratio Change, reverse ADS split, Registration Statement on Form F-6, depositary bank, +1 more
5 terms
ADS Ratio Change financial
"it plans to change the ratio of its American Depositary Shares (“ADSs”) to its ordinary shares (the “ADS Ratio Change”)"
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.
reverse ADS split financial
"For the Company’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-25 reverse ADS split."
A reverse ADS split is a corporate action that combines multiple American Depositary Shares (ADS) into a smaller number of ADS, so each new ADS represents more underlying ordinary shares and the price per ADS rises proportionally. Think of merging several small coins into one bigger coin: your total value stays the same, but the share count and per‑share price change, which can affect trading liquidity, index inclusion, and investor perception of the stock.
Registration Statement on Form F-6 regulatory
"A post-effective amendment to the Registration Statement on Form F-6 will be filed with the U.S. Securities and Exchange Commission"
A registration statement on Form F-6 is a U.S. Securities and Exchange Commission filing that registers American Depositary Receipts (ADRs), which are certificates that let U.S. investors buy and sell shares of a foreign company as if they were domestic stock. It matters to investors because it enables easier trading, clearer regulatory oversight and disclosure, and often greater liquidity for a foreign company’s shares — like putting a foreign product on a local store shelf with a clear label and price.
depositary bank financial
"Deutsche Bank Trust Company Americas, as the depositary bank for the Company’s ADS program, will arrange for the exchange"
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.
safe harbor regulatory
"This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995."
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.
FAQ
What ADS ratio change did Jinxin Technology (NAMI) announce?
Jinxin will change its ADS ratio from one ADS representing 18 ordinary shares to one ADS representing 450 ordinary shares. For holders, this is equivalent to a one-for-25 reverse ADS split, consolidating existing ADSs into fewer, higher-priced units.
When will Jinxin Technology’s ADS ratio change take effect?
The ADS ratio change is expected to be effective on June 25, 2026, U.S. Eastern Time. ADS holders of record at the close of business that day will participate in the exchange of existing ADSs for new ADSs under the revised ratio.
How will Jinxin Technology’s ADS ratio change impact existing ADS holders?
Every 25 existing ADSs will be exchanged for one new ADS after the change. No fractional ADSs will be issued; instead, fractional entitlements will be aggregated, sold by the depositary, and net cash proceeds distributed to eligible ADS holders after applicable deductions.
Will Jinxin Technology’s ticker or listing venue change after the ADS ratio change?
Jinxin’s ADSs will continue trading on the Nasdaq Stock Market under the ticker symbol NAMI. Only the ADS-to-ordinary-share ratio is changing; the listing venue and trading symbol remain unchanged following the one-for-25 reverse ADS split.
What happens to fractional ADSs in Jinxin Technology’s ADS ratio change?
No fractional new ADSs will be issued in the ratio change. Instead, fractional ADS entitlements will be aggregated and sold by the depositary, and the net cash proceeds, after fees, taxes, and expenses where applicable, will be distributed to the relevant ADS holders.