08:05 AM EDT, 03/12/2025 (MT Newswires) -- Amarin ( AMRN ) said Wednesday it plans to adjust the ratio of its shares from one ADS per ordinary share to one ADS for every 20 ordinary shares, effective on or around April 11.

The company said the reverse ratio change is intended to raise its share price to meet Nasdaq's $1 minimum bid requirement and preserve its listing status.

Amarin ( AMRN ) said the adjustment will not impact its ordinary shares, and the ADSs will remain listed under the AMRN symbol.

No fractional ADSs will be issued; instead, the depositary will sell the aggregated fractions and distribute the net proceeds to holders, the company said.

The company's shares were down more than 6% in recent Wednesday premarket activity.