SplitAug 12, 2026, 04:11 PM
E-Power to Vote on 25-for-1 Reverse Stock Split for Nasdaq Compliance
AI Summary
E-Power Inc. announced an Extraordinary General Meeting of Shareholders on September 4, 2026, to vote on a 25-for-1 reverse stock split. The proposed share consolidation, if approved, would take effect on September 18, 2026. The primary goal of this action is to regain compliance with the Nasdaq Capital Market's minimum bid price requirement, following a deficiency notice received on May 20, 2026.
Key Highlights
- Shareholders to vote on a 25-for-1 reverse stock split (share consolidation).
- Extraordinary General Meeting scheduled for September 4, 2026.
- Proposed effective date for the share consolidation is September 18, 2026.
- Purpose is to regain compliance with Nasdaq's minimum bid price rule of $1.00 per share.
- Company received Nasdaq deficiency notice on May 20, 2026, with a deadline of November 16, 2026.
- Authorized share capital to be adjusted from 3.5B Class A and 1.5B Class B shares to 140M Class A and 60M Class B shares.
- Fractional shares resulting from the consolidation will be rounded up to the next whole share.
Price Impact
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