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/C O R R E C T I O N -- Boqii Holding Limited/
As Boqii Holding Limited ("Boqii" or the "Company") (NYSE American: BQ) previously announced, the Company plans to cease the listing of the American Depositary Shares (the "ADSs") representing its Class A ordinary shares of par value US$0.001 each on the NYSE American LLC ("AMEX") and list its Class A ordinary shares of a par value of US$0.16 each on a post-reverse stock split basis for trading on AMEX in substitution for the ADSs (the "Substitution Listing"). The Company expects that the ADSs w
About this update from Boqii Holding Limited
[{"type":"text","content":"In the news release, Boqii Holding Limited Announces Update on Substitution Listing and 1-for-160 Reverse Split, issued 01-Jul-2025 by Boqii Holding Limited over PR Newswire, we are advised by the company of updates to the release. The complete, corrected release follows:","length":272,"tagName":"p"},{"type":"heading","content":"Boqii Holding Limited Announces Update on Substitution Listing and 1-for-160 Reverse Split","length":90,"tagName":"h3","attribs":{}},{"type":"text","content":"SHANGHAI, July 2, 2025 /PRNewswire/ -- As Boqii Holding Limited ("Boqii" or the "Company") (NYSE American: BQ) previously announced, the Company plans to cease the listing of the American Depositary Shares (the "ADSs") representing its Class A ordinary shares of par value US$0.001 each on the NYSE American LLC ("AMEX") and list its Class A ordinary shares of a par value of US$0.16 each on a post-reverse stock split basis for trading on AMEX in substitution for the ADSs (the "Substitution Listing"). The Company expects that the ADSs will cease trading on AMEX after market closes on July 10, 2025, and that the ADS Facility will be terminated before market opens on July 11, 2025.","length":746,"tagName":"p"},{"type":"text","content":"In addition, The Bank of New York Mellon (the "Depositary") of the Company's ADSs will distribute to all owners and holders of the ADSs a notification, dated July 1, 2025 (the "Termination Notice") regarding termination of the Deposit Agreement, dated as of September 29, 2020, by and among the Company, the Depositary, and all owners and holders of the ADSs (the "Deposit Agreement"). The effective date for the termination of the Deposit Agreement will be July 11, 2025 (the "Effective Date").","length":545,"tagName":"p","attribs":{}},{"type":"text","content":"Immediately following the termination of the ADS Facility and on the Effective Date, the Company will implement a reverse stock split (the "Reverse Split"), pursuant to which every 160 existing Class A ordinary shares of a par value of US$0.001 each (the "Ordinary Shares") will be consolidated into one new ordinary share of a par value of US$0.16 each (each, a "New Ordinary Share"). As a result, on the Effective Date, each holder ...