Maase Inc. to end ADS trading, list Class A shares on Nasdaq
Investing.com
Published Jun 18, 2025 09:40AM ET
Maase Inc. announced today it will cease listing its American Depositary Shares (ADSs) on the Nasdaq Stock Market and replace them with Class A ordinary shares. According to the SEC filing, the company's ADSs will stop trading on Nasdaq at 5:00 p.m. New York time on June 20, 2025, with the ADR Facility terminating at the close of business the same day.
Following this termination, Maase will implement a 1-for-90 reverse stock split, consolidating every 90 existing ordinary shares with a par value of $0.001 each into one new ordinary share with a par value of $0.09. Former ADS holders will receive one new Class A ordinary share for each ADS previously held, with all fractional shares rounded up to the nearest whole number.
The company expects its Class A ordinary shares to begin trading on Nasdaq under the symbol "MAAS" on June 23, 2025. After the reverse split, Maase's total outstanding ordinary shares will be reduced to 15,250,537 shares, consisting of 8,583,869 Class A ordinary shares and 6,666,668 Class B ordinary shares.
The trading price of the consolidated Class A ordinary shares is expected to remain unchanged, as the ratio of previously listed ADSs to Class A ordinary shares matches the reverse split ratio of 90:1. The new ISIN number for the consolidated shares will be KYG4453R1157, and the new CUSIP number will be G4453R 115.
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