LONDON – Nexxen International Ltd. (AIM/NASDAQ: NEXN), an Israel-based advertising technology platform, has announced plans to host investor presentations to discuss its proposed stock exchange and trading structure changes. The company is set to delist from the AIM market and consolidate its trading on the NASDAQ, alongside a reverse stock split and transition from ADRs to Ordinary Shares.
The presentations, aimed at explaining the strategic rationale and process behind these changes, are scheduled ahead of the company's Annual General Meeting on December 20, 2024, where shareholders will vote on the proposals. Nexxen will host a presentation for U.S. investors and analysts on Thursday, December 12, 2024, and for U.K. investors and analysts on Monday, December 16, 2024.
The proposed adjustments include the termination of the ADR facility, a reverse stock split of Nexxen's Ordinary Shares at a two-for-one ratio, and the subsequent one-to-one exchange from ADRs to Ordinary Shares. This move is designed to streamline Nexxen's trading structure by focusing solely on the NASDAQ in the U.S.
Investors and analysts from the U.S. and U.K. can join the live webcasts, with the opportunity to participate in question-and-answer sessions following each presentation. The webcasts will also be archived on Nexxen's investor relations website for later access.
Nexxen, with a global presence and offices across various continents, operates a demand-side platform (DSP) and supply-side platform (SSP) with the Nexxen Data Platform at its core. The company specializes in providing tools for advertisers, agencies, publishers, and broadcasters to utilize data and advanced TV effectively.
The upcoming presentations are part of Nexxen's efforts to engage with its investor base and provide transparency about its strategic decisions. This information is based on a press release statement from Nexxen International Ltd.
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