Ninebot Ltd689009
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Listing of 650,000 depository receipts from vested restricted stock increases share supply, potentially diluting existing shareholders.
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Ninebot LtdNinebot announced that 650,000 depository receipts will be listed and become tradable on July 15, 2026. The listing stems from partial vesting under the company's restricted stock incentive plans for 2022 to 2024, with the vested shares corresponding to 65,300 depository receipts, resulting in a total of 650,000 receipts in circulation after conversion. In the first quarter of 2026, Ninebot recorded revenue of 5.87 billion yuan and net profit attributable to the parent company of 203 million yuan.
Ninebot LtdListing of 650,000 depository receipts from vested restricted stock increases share supply, potentially diluting existing shareholders.