WiMi Hologram Cloud Terminates ADR Deposit Agreement
Ticker: WIMI · Form: 6-K · Filed: Mar 4, 2025 · CIK: 1770088
Sentiment: neutral
Topics: adr, termination, deposit-agreement
Related Tickers: WIMI
TL;DR
WiMi Hologram Cloud is terminating its ADR deposit agreement with JPMorgan Chase, effective soon.
AI Summary
WiMi Hologram Cloud Inc. announced on February 27, 2025, through its depositary JPMorgan Chase Bank, N.A., that it is terminating its Deposit Agreement dated March 31, 2020. This action concerns the company's American Depositary Receipts (ADRs).
Why It Matters
This termination could impact the trading and availability of WiMi's ADRs in the U.S. market, potentially affecting liquidity and investor access.
Risk Assessment
Risk Level: medium — Termination of an ADR deposit agreement can lead to delisting or reduced liquidity for the security in the U.S. market.
Key Players & Entities
- WiMi Hologram Cloud Inc. (company) — Registrant
- JPMorgan Chase Bank, N.A. (company) — Depositary
- February 27, 2025 (date) — Announcement date
- March 31, 2020 (date) — Deposit Agreement date
FAQ
What is the primary purpose of this Form 6-K filing?
This Form 6-K is being furnished to exhibit the announcement by JPMorgan Chase Bank, N.A., the depositary, of WiMi Hologram Cloud Inc.'s notice to terminate the Deposit Agreement for its American Depositary Receipts (ADRs).
Who is the depositary for WiMi Hologram Cloud Inc.'s ADRs?
JPMorgan Chase Bank, N.A. is the depositary for WiMi Hologram Cloud Inc.'s American Depositary Receipts (ADRs).
When was the Deposit Agreement between WiMi Hologram Cloud Inc. and the depositary originally dated?
The Deposit Agreement was originally dated as of March 31, 2020.
What action has WiMi Hologram Cloud Inc. taken regarding its ADRs?
WiMi Hologram Cloud Inc. has provided notice to the depositary for terminating the Deposit Agreement related to its American Depositary Receipts (ADRs).
What is the filing date of this Form 6-K?
This Form 6-K was filed as of March 4, 2025.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 4, 2025 regarding WiMi Hologram Cloud Inc. (WIMI).