Steakholder Foods (Nasdaq: STKH) sets 1-for-3 reverse ADS split
Rhea-AI Filing Summary
Steakholder Foods Ltd. plans to adjust the ratio of its American Depositary Shares so that one ADS will represent 12,000 ordinary shares, replacing the prior ratio of one ADS representing 4,000 ordinary shares. The new ratio is effective on July 27, 2026.
This change will function as a one-for-three reverse ADS split, with every three existing ADSs exchanged for one new ADS, requiring no action from holders. No additional ADSs will be issued, and fractional ADSs will be aggregated, sold, and the net proceeds distributed to affected ADS holders.
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Key Figures
New ADS ratio: 1 ADS : 12,000 ordinary shares
Prior ADS ratio: 1 ADS : 4,000 ordinary shares
Reverse ADS split: 1-for-3
+2 more
5 metrics
New ADS ratio
1 ADS : 12,000 ordinary shares
Ratio after adjustment, effective July 27, 2026
Prior ADS ratio
1 ADS : 4,000 ordinary shares
Ratio before the announced adjustment
Reverse ADS split
1-for-3
Every 3 existing ADSs exchanged for 1 new ADS
Effective date
July 27, 2026
Date on which the new ADS ratio takes effect
Updated CUSIP
583435508
New CUSIP number for Steakholder Foods ADSs
Key Terms
American Depositary Shares, reverse ADS split, depositary bank, fractional shares, +1 more
5 terms
reverse ADS split financial
"will essentially serve as a one-for-three reverse ADS split for ADS holders"
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.
depositary bank financial
"The Bank of New York Mellon, serving as the depositary bank for Steakholder Foods’ ADS program"
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.
forward-looking statements regulatory
"This press release contains forward-looking statements concerning Steakholder Foods’ business, operations and financial performance"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What ADS ratio change did Steakholder Foods (STKH) announce?
Steakholder Foods will change its ADS ratio so that one ADS represents 12,000 ordinary shares, up from 4,000. This adjustment effectively consolidates existing ADSs into fewer units without issuing additional ADSs as part of the change.
When does the new ADS ratio for Steakholder Foods (STKH) become effective?
The new ADS ratio becomes effective on July 27, 2026. On that date, every three existing ADSs will be exchanged for one new ADS, reflecting the effective one-for-three reverse ADS split for ADS holders.
How will the ADS ratio adjustment affect STKH ADS holders?
Every three existing ADSs will be exchanged for one new ADS, functioning as a one-for-three reverse ADS split. Holders do not need to take action, as the depositary bank will manage the exchange process on the effective date.
Will Steakholder Foods issue new ADSs as part of this STKH ratio change?
No. The company states there will be no issuance of additional ADSs in connection with the ratio adjustment. The change is implemented by exchanging existing ADSs, not by creating new ADSs for capital-raising purposes.
What happens to fractional Steakholder Foods (STKH) ADSs after the ratio change?
Any fractional ADS positions created by the exchange will be aggregated by the depositary bank, which will attempt to sell them. The bank will then distribute the net cash proceeds to the respective ADS holders entitled to those fractions.
Where will Steakholder Foods (STKH) ADSs trade after the ratio adjustment?
Steakholder Foods’ ADSs will continue to trade on the Nasdaq Capital Market under the ticker “STKH”. Following the ratio adjustment, the ADSs will have an updated CUSIP number of 583435508.