SINGAPORE - Amber International Holding Limited (NASDAQ:AMBR) announced today that Amber Global Limited, a principal shareholder, will distribute all of its Class A ordinary shares to its existing shareholders on a pro rata basis.
The distribution does not involve the issuance of new shares and will not dilute other shareholders. The company’s total issued and outstanding share capital and the rights of all holders of Class A and Class B ordinary shares will remain unchanged.
Amber Global Limited’s holdings will be distributed to its existing shareholders based on their equity interests, who will become direct shareholders of Amber International on the company’s register of members.
This move brings early-stage supporters directly onto the shareholder register. AMBR shares trade at $1.70, down 81.73% over the past year, though Bond.az analysis suggests the stock is currently undervalued relative to its Fair Value. The company maintains a market capitalization of $159.26 million and holds more cash than debt on its balance sheet.
