Nexxen International Ltd. (NEXN) announced the termination of its ADR program resulting in a conversion of American Depositary Shares to Ordinary Shares. Prior to the conversion, the underlying ordinary shares were reverse split on a 1-2 basis, after which each ADS will represent one new share. Following the transaction, the new ordinary shares will be listed on Nasdaq under the symbol NEXN. The underlying ordinary shares are currently traded OTC (TTTPF). Please refer to the FINRA announcement for details on TTTPF.
For every one (1) ADR held you will receive One (1) of the new Ordinary Shares. The details are as follows:
| Company/ Parent: | Nexxen International Ltd. |
|---|---|
| Current Issue Type: | American Depositary Shares |
| New Issue Type: | Ordinary Shares |
| Current CUSIP: | 89484T104 |
| New CUSIP: | M8T80P204 |
| Symbol: | NEXN |
| Ratio of Splits: | One (1) New Post Split Ordinary share for every One (1) ADS held |
| Current Par Value: | 0.01 |
| New Par Value: | 0.02 |
| Effective Date: | February 18, 2025 |
For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.
If you would like to register as a market maker in NEXNcontact Nasdaq Trading Services at +1 212 231 5100.