MergerApr 23, 2026, 04:40 PM
OIO Group Completes De Tomaso Merger; Announces 1-for-3 Reverse Split
AI Summary
OIO Group announced the completion of its business combination with De Tomaso Automobili Holdings Limited, resulting in a change of control. De Tomaso's founder, Norman Choi, is now the controlling shareholder and is expected to become CEO and Chairman. This move is intended to transform OIO into a platform for high-value growth in premium, engineering-led sectors. Concurrently, a 1-for-3 reverse stock split of its ordinary shares will take effect on April 24, 2026, to align its capital structure with Nasdaq listing requirements.
Key Highlights
- Completed business combination with De Tomaso Automobili Holdings.
- De Tomaso founder Norman Choi becomes controlling shareholder of OIO Group.
- Norman Choi expected to assume CEO and Chairman roles.
- 1-for-3 reverse stock split effective April 24, 2026.