Advanced health intelligence ltd announces implementation of ads ratio change

New york, june 29, 2023 (globe newswire) -- advanced health intelligence ltd (asx/nasdaq:ahi) (“advanced health intelligence”, “ahi” or the “company”) announces today that its planned ratio change of the company's american depositary shares (adss) to its non-traded ordinary shares from the previous ratio of one (1) ads representing seven (7) ordinary shares to the new ratio of one (1) ads representing twenty-eight (28) ordinary shares shall become effective on june 30, 2023. the ratio change will have the same effect as a reverse split of the existing adss of 1 new ads for every 4 old adss. the effective date for the ratio change is june 29, 2023, and the company's adss will continue to be traded on the nasdaq capital market (“nasdaq”) under the symbol “ahi” with a new cusip number 00777c 203.
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