10:46 AM EDT, 05/31/2024 (MT Newswires) -- DBV Technologies ( DBVT ) said Friday the change in the ratio of its American depositary shares to ordinary shares to the new ratio of one ADS to one ordinary share is expected to be effective around June 7 instead of Monday.

The current ratio is one ADS to one-half of a share, the company said.

For ADS holders, the ratio change will be equivalent to a 1-for-2 reverse ADS split, and this is intended to enable the company to regain compliance with Nasdaq's minimum bid price requirement, according to a statement.

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