VisionSys AI Announces Reverse ADS Split, Shares Drop 11.6%
VisionSys AI shares fall on reverse ADS split plan

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VisionSys AI Inc (NASDAQ:VSA) shares fell by 11.6% after announcing a one-for-ten reverse American Depositary Shares (ADS) split, effective May 26, 2026. Each ten existing ADSs will convert into one new ADS, with no fractional shares issued. The company anticipates that the trading price will increase proportionally post-split.
- 01The reverse ADS split will change the ratio from one ADS representing 250 Class A ordinary shares to one ADS representing 2,500 Class A ordinary shares.
- 02The effective date for the reverse split is set for May 26, 2026.
- 03Fractional ADSs will not be issued; instead, they will be aggregated and sold by the depositary bank.
- 04VisionSys AI's ADSs will continue to trade under the symbol 'VSA' on the Nasdaq Capital Market.
- 05The new CUSIP number for the ADSs will be 876108408.
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VisionSys AI Inc (NASDAQ:VSA) saw a significant decline in its share price, dropping 11.6% in after-hours trading following the announcement of a one-for-ten reverse American Depositary Shares (ADS) split. This decision will alter the ratio of ADSs from one representing 250 Class A ordinary shares to one representing 2,500 Class A ordinary shares, effective May 26, 2026. On this date, holders of ADSs will automatically have their shares exchanged, converting every ten existing ADSs into one new ADS. The exchange will be processed automatically through The Depository Trust Company and the Direct Registration System, with no fractional ADSs being issued. Instead, any fractional entitlements will be aggregated and sold by the depositary bank, and the net cash proceeds will be distributed to the relevant ADS holders after deducting applicable fees, taxes, and expenses. VisionSys AI's Class A ordinary shares will remain unchanged, and the ADSs will continue to trade under the symbol 'VSA' on the Nasdaq Capital Market. The company has indicated that while it expects the trading price to increase proportionally after the split, it cannot guarantee that the post-split price will meet or exceed the proportionate price.
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