Steakholder Foods Ltd. will adjust its American Depositary Shares (ADS) ratio from 1 ADS representing 12,000 ordinary shares to 1 ADS representing 60,000 ordinary shares, effective November 9, 2026. This change acts as a one-for-five reverse ADS split, requiring no action from shareholders. The company's ADSs will continue trading on Nasdaq under the ticker STKH with an updated CUSIP number. This move aims to streamline the ADS structure without issuing new shares, with fractional shares to be sold and proceeds distributed to holders.
Steakholder Foods' ADS ratio adjustment provides context for readers. For those following the Consumer Staples sector, 36 of 63 priced US stocks rose while 26 fell. Notable movers include Herbalife Nutrition Ltd (HLF) at USD 14.29 with a +7.44% change and 92% sell order activity, Krispy Kreme Inc (DNUT) at USD 3.50 with +7.03% change and 99% sell order activity, and Archer-Daniels-Midland Co (ADM) at USD 70.85 with -6.49% change and 100% buy order activity. Data as of Nov 05, 2026 04:13 WIB.
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