From GlobeNewswire: 2024-05-13 16:05:00

Earlyworks Co., Ltd. announced a change in the ratio of its ADSs to ordinary shares, with one ADS now representing five ordinary shares. The change, effective May 16, 2024, aims to increase liquidity and comply with Nasdaq requirements. Registered holders of certificated ADSs must surrender them for cancellation, while those in DRS and DTC will be automatically exchanged. No fractional new ADSs will be issued. The change is expected to increase the ADS trading price, but the Company cannot guarantee equal or higher prices. Earlyworks has appealed a Nasdaq delisting determination and a hearing has been scheduled for June 18, 2024.
For more information, visit https://ir.e-arly.works/.



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