Boqii to list ordinary shares on NYSE American, replacing ADSs after reverse split NYSE:BQ

  • Boqii Holding (NYSE:BQ) will terminate its deposit agreement with The Bank of New York Mellon, ending its American Depositary Shares program.
  • In connection with the termination, Boqii will implement a 160-to-1 reverse stock split, consolidating its ordinary shares.
  • Boqii Holding Limited will list its Class A ordinary shares on NYSE American following the termination.
  • BQ shares down 4% post-market on Friday.
  • Source: Press release

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