CTK - CooTek slumps on plans to implement ADS ratio change

April, 28 2022 04:52 PM CooTek Inc. American Depositary Shares each representing 50 Class A

CooTek (Cayman) (NYSE:CTK) plans to change the ratio of its ADS to its Class A ordinary shares from current ADS Ratio of one ADS to 50 Class A ordinary shares to a new ADS Ratio of one ADS to 650 Class A ordinary shares. For CooTek's ADS holders, the change in the ADS Ratio will have the same effect as a 1-for-13 reverse ADS split. The company expects that the change in the ADS Ratio will be effective on or about May 9, 2022. The change in the ADS Ratio will have no impact on CooTek's underlying Class A ordinary shares and the ADS trading price is expected to increase proportionally. Shares trading 18.8% down premarket.

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CooTek slumps on plans to implement ADS ratio change

Company Name:	CooTek Inc. American Depositary Shares each representing 50 Class A
Stock Symbol:	CTK
Market:	NYSE

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