
SplitApr 22, 2026, 11:56 AM
OIO Group Announces 1-for-3 Reverse Stock Split
AI Summary
OIO Group's Board of Directors has approved a 1-for-3 reverse stock split of its ordinary shares, effective April 24, 2026. This action is being implemented to support compliance with Nasdaq's minimum bid price requirement in connection with the company's planned Nasdaq listing and the concurrent closing of its business combination with De Tomaso Automobili Holdings Limited. The split will proportionately reduce the number of outstanding shares and apply to equity awards, without altering shareholders' proportionate ownership interests or the economic value of the De Tomaso transaction.
Key Highlights
- Board approved 1-for-3 reverse stock split.
- Effective April 24, 2026, 12:01 a.m. Eastern Time.
- Aims to meet Nasdaq minimum bid price requirement.
- Coincides with Nasdaq listing and De Tomaso business combination.
- Fractional shares will be rounded up.