Boqii Holding Limited Announces Update on Substitution Listing and 1-for-160 Reverse Split
Boqii Holding Limited (NYSE American: BQ) has announced significant changes to its listing structure and share consolidation. The company will cease trading its American Depositary Shares (ADSs) on NYSE American on July 10, 2025, and terminate its ADR Facility on July 11, 2025.
The company will implement a 1-for-160 reverse stock split, where every 160 existing ordinary shares (par value US$0.001) will be consolidated into one new ordinary share (par value US$0.16). ADS holders will receive 0.9375 new Class A ordinary shares for each cancelled ADS. Following the reverse split, Boqii's total outstanding shares will be reduced to 2,879,559 shares, consisting of 2,798,073 Class A ordinary shares and 81,486 Class B ordinary shares.
Trading of Boqii's Class A ordinary shares on NYSE American under the symbol "BQ" will commence on July 11, 2025, with a new CUSIP number G1311F119.
["Streamlined listing structure through substitution listing on NYSE American", "Potential improved trading efficiency by consolidating shares through reverse split", "Simplified share structure by converting ADSs to direct ordinary shares"]Boqii Holding Limited (NYSE American: BQ) ha annunciato modifiche significative alla sua struttura di quotazione e una consolidazione azionaria. La societ脿 cesser脿 la negoziazione delle sue American Depositary Shares (ADS) sul NYSE American il 10 luglio 2025 e terminer脿 il suo ADR Facility il 11 luglio 2025.
Verr脿 effettuato un reverse stock split 1-per-160, in cui ogni 160 azioni ordinarie esistenti (valore nominale US$0,001) saranno consolidate in una nuova azione ordinaria (valore nominale US$0,16). I detentori di ADS riceveranno 0,9375 nuove azioni ordinarie di Classe A per ogni ADS annullato. Dopo il reverse split, il totale delle azioni in circolazione di Boqii sar脿 ridotto a 2.879.559 azioni, di cui 2.798.073 azioni ordinarie di Classe A e 81.486 azioni ordinarie di Classe B.
La negoziazione delle azioni ordinarie di Classe A di Boqii sul NYSE American con il simbolo "BQ" inizier脿 il 11 luglio 2025, con un nuovo numero CUSIP G1311F119.
- Struttura di quotazione semplificata tramite sostituzione della quotazione sul NYSE American
- Potenziale miglioramento dell'efficienza di negoziazione grazie alla consolidazione delle azioni tramite reverse split
- Struttura azionaria semplificata mediante conversione degli ADS in azioni ordinarie dirette
Boqii Holding Limited (NYSE American: BQ) ha anunciado cambios significativos en su estructura de cotizaci贸n y consolidaci贸n de acciones. La compa帽铆a dejar谩 de negociar sus American Depositary Shares (ADS) en NYSE American el 10 de julio de 2025 y terminar谩 su instalaci贸n ADR el 11 de julio de 2025.
Se implementar谩 una consolidaci贸n inversa de acciones 1 por 160, donde cada 160 acciones ordinarias existentes (valor nominal US$0.001) se consolidar谩n en una nueva acci贸n ordinaria (valor nominal US$0.16). Los titulares de ADS recibir谩n 0.9375 nuevas acciones ordinarias Clase A por cada ADS cancelado. Tras la consolidaci贸n inversa, el total de acciones en circulaci贸n de Boqii se reducir谩 a 2,879,559 acciones, compuestas por 2,798,073 acciones ordinarias Clase A y 81,486 acciones ordinarias Clase B.
La negociaci贸n de las acciones ordinarias Clase A de Boqii en NYSE American bajo el s铆mbolo "BQ" comenzar谩 el 11 de julio de 2025, con un nuevo n煤mero CUSIP G1311F119.
- Estructura de cotizaci贸n simplificada mediante listado sustituto en NYSE American
- Potencial mejora en la eficiencia de negociaci贸n al consolidar acciones mediante la consolidaci贸n inversa
- Estructura accionaria simplificada al convertir ADS en acciones ordinarias directas
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须岇偓电� 1雽� 160 鞐硲頃�鞚� 鞁滍枆頃� 鞓堨爼鞚措┌, 旮办〈 氤错喌欤� 160欤�(鞎‰┐臧� US$0.001)毳� 1欤检潣 靸堧鞖� 氤错喌欤�(鞎‰┐臧� US$0.16)搿� 韱淀暕頃╇媹雼�. ADS 氤挫湢鞛愲姅 旆唽霅� ADS雼� 0.9375欤检潣 靸堧鞖� 韥措灅鞀� A 氤错喌欤茧ゼ 氚涥矊 霅╇媹雼�. 鞐硲頃� 頉� Boqii鞚� 齑� 氚滍枆 欤检嫕 靾橂姅 2,879,559欤�搿� 臧愳唽頃橂┌, 鞚� 欷� 2,798,073欤茧姅 韥措灅鞀� A 氤错喌欤�, 81,486欤茧姅 韥措灅鞀� B 氤错喌欤检瀰雼堧嫟.
NYSE American鞐愳劀 Boqii鞚� 韥措灅鞀� A 氤错喌欤� 瓯半灅電� 2025雲� 7鞗� 11鞚�鞐� "BQ" 鞁臣搿� 鞁滌瀾霅橂┌, 靸堧鞖� CUSIP 氩堩樃電� G1311F119鞛呺媹雼�.
- NYSE American鞐愳劀 雽�觳� 靸侅灔鞚� 韱淀暅 靸侅灔 甑“ 臧勳唽頇�
- 鞐硲頃╈潉 韱淀暅 欤检嫕 韱淀暕鞙茧 瓯半灅 須湪靹� 頄レ儊 臧�電レ劚
- ADS毳� 歆侅爲 氤错喌欤茧 鞝勴櫂頃橃棳 欤检嫕 甑“ 雼垳頇�
Boqii Holding Limited (NYSE American : BQ) a annonc茅 des changements importants dans sa structure de cotation et la consolidation de ses actions. La soci茅t茅 cessera de n茅gocier ses American Depositary Shares (ADS) sur le NYSE American le 10 juillet 2025 et mettra fin 脿 son dispositif ADR le 11 juillet 2025.
La soci茅t茅 proc茅dera 脿 un regroupement d鈥檃ctions invers茅 au ratio de 1 pour 160, o霉 chaque 160 actions ordinaires existantes (valeur nominale de 0,001 USD) seront consolid茅es en une nouvelle action ordinaire (valeur nominale de 0,16 USD). Les d茅tenteurs d鈥橝DS recevront 0,9375 nouvelle action ordinaire de classe A pour chaque ADS annul茅. Apr猫s ce regroupement, le nombre total d鈥檃ctions en circulation de Boqii sera r茅duit 脿 2 879 559 actions, comprenant 2 798 073 actions ordinaires de classe A et 81 486 actions ordinaires de classe B.
La n茅gociation des actions ordinaires de classe A de Boqii sur le NYSE American sous le symbole 芦 BQ 禄 d茅butera le 11 juillet 2025, avec un nouveau num茅ro CUSIP G1311F119.
- Structure de cotation simplifi茅e gr芒ce 脿 une inscription par substitution sur le NYSE American
- Am茅lioration potentielle de l鈥檈fficacit茅 des 茅changes gr芒ce 脿 la consolidation des actions par regroupement invers茅
- Structure des actions simplifi茅e par la conversion des ADS en actions ordinaires directes
Boqii Holding Limited (NYSE American: BQ) hat bedeutende 脛nderungen an seiner Notierungsstruktur und Aktienzusammenlegung bekanntgegeben. Das Unternehmen wird den Handel seiner American Depositary Shares (ADS) an der NYSE American am 10. Juli 2025 einstellen und seine ADR-Anlage am 11. Juli 2025 beenden.
Es wird eine 1-zu-160 Reverse-Aktienzusammenlegung durchgef眉hrt, bei der jeweils 160 bestehende Stammaktien (Nennwert US$0,001) zu einer neuen Stammaktie (Nennwert US$0,16) konsolidiert werden. ADS-Inhaber erhalten f眉r jede eingezogene ADS 0,9375 neue Stammaktien der Klasse A. Nach der Zusammenlegung wird die Gesamtzahl der ausstehenden Boqii-Aktien auf 2.879.559 Aktien reduziert, bestehend aus 2.798.073 Stammaktien der Klasse A und 81.486 Stammaktien der Klasse B.
Der Handel der Klasse A Stammaktien von Boqii an der NYSE American unter dem Symbol "BQ" beginnt am 11. Juli 2025 mit einer neuen CUSIP-Nummer G1311F119.
- Vereinfachte Notierungsstruktur durch Substitutionsnotierung an der NYSE American
- Potenzielle Verbesserung der Handelseffizienz durch Aktienzusammenlegung mittels Reverse Split
- Vereinfachte Aktienstruktur durch Umwandlung von ADS in direkte Stammaktien
- None.
- Significant share consolidation ratio of 1-for-160 indicates substantial share price decline
- Complex mandatory exchange process may cause temporary trading disruption
- Potential loss of some ADS holders due to fractional shares and conversion process
Insights
Boqii's 1:160 reverse split and ADR termination will significantly reduce float while maintaining NYSE American listing under same ticker.
Boqii Holding is executing a significant corporate restructuring with two key components. First, the company is terminating its American Depositary Shares (ADSs) program and transitioning to direct listing of its Class A ordinary shares on the NYSE American exchange. Second, the company is implementing a substantial 1-for-160 reverse stock split.
The mechanics are precisely outlined: ADS trading will cease on July 10, with the ADR facility terminating on July 11. Simultaneously, the reverse split will consolidate every 160 ordinary shares (par value $0.001) into one new share (par value $0.16). Current ADS holders will receive 0.9375 new Class A ordinary shares for each ADS they held, with fractional shares rounded up.
This dramatic consolidation will significantly reduce Boqii's total outstanding shares from approximately 460.7 million to just 2.88 million shares (calculated from the post-split figures). The company will maintain its "BQ" ticker symbol with trading of the newly consolidated shares beginning July 11.
While reverse splits themselves are mathematically neutral in theory (reducing share count while proportionally increasing per-share price), they're typically implemented by companies facing compliance issues with exchange minimum price requirements. By executing this substantial consolidation while maintaining its NYSE American listing, Boqii appears to be addressing listing requirements while simplifying its ownership structure by eliminating the ADS layer between U.S. investors and the company's shares.
In addition, The Bank of New York Mellon (the "Depositary") of the Company's ADS will distribute to all holders and beneficial owners of the Company's ADRs a notification (the "Termination Notice") regarding termination of the Deposit Agreement, dated July 1, 2025 by and among the Company, the Depositary, and all holders and beneficial owners of the ADRs dated September 29, 2020 (the "Deposit Agreement"). The effective date for the termination of the Deposit Agreement will be July 11, 2025 (the "Effective Date").
Immediately following the termination of the ADR Facility and on the Effective Date, the Company will implement a reverse stock split (the "Reverse Split"), pursuant to which every 160 existing ordinary shares of a par value of
The Company expects that its Class A ordinary shares will commence trading on AMEX on a post- Reverse Split basis and after the Mandatory Exchange under the symbol "BQ" on July 11, 2025. Following the Reverse Split, the Company's total outstanding ordinary shares will be reduced to 2,879,559 shares, comprising 2,798,073 Class A ordinary shares and 81,486 Class B ordinary shares. The Company expects that the trading price of its consolidated Class A ordinary shares will be adjusted as a result of the Mandatory Exchange and the Reverse Split. The new CUSIP number for the consolidated Class A ordinary shares will be G1311F119.
About Boqii Holding Limited
Boqii Holding Limited (NYSE American: BQ) is a leading pet-focused platform in聽China.聽It is聽the leading online destination for pet products and supplies in聽China聽with聽a聽broad selection of high-quality products including global leading brands, local emerging brands, and聽its聽own private label, Yoken, Mocare and D-cat, offered at competitive prices.聽Boqii's聽online sales platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience.聽Its聽Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor"聽provisions of the
For investor inquiries, please contact:
Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
贰尘补颈濒:听[email protected]
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SOURCE Boqii Holding Limited
FAQ
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