Nano Dimension Ltd (NNDM)

[midastouch017]

I don’t understand this RS

Very simple: Read this:


Concurrently with the reverse split, the Company will effect a corresponding change in the ratio of ordinary shares to each of the Company’s American Depositary Shares (“ADSs”), such that its ratio of ADSs to ordinary shares will change from one (1) ADS representing fifty (50) ordinary shares to a new ratio of one (1) ADS representing one (1) ordinary share. Since the ADS to ordinary shares ratio is being reduced on the same proportionate basis as the reverse share split, no overall effect on the ADS share price is expected and no action is required by ADS holders. The first date when the Company’s ADSs will begin trading on the Nasdaq Capital Market after implementation of the reverse split and concurrent ratio change will be June 29, 2020.

From the PR:

https://www.globenewswire.com/news-release/2020/06/16/2049149/0/en/Nano-Dimension-Announces-One-for-Fifty-1-50-Reverse-Split-of-its-Ordinary-Shares.html

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