SplitOct 13, 2026, 04:11 PM
Kandi Technologies Announces 1-for-10 Reverse Stock Split
AI Summary
Kandi Technologies Group, Inc. announced that it will implement a 1-for-10 reverse stock split, effective October 16, 2026. This action will consolidate every ten ordinary shares into one ordinary share. Trading will commence on a split-adjusted basis on the same date. The company had over 103 million shares outstanding prior to the split, and fractional shares will be rounded up.
Key Highlights
- Kandi Technologies Group, Inc. announced a 1-for-10 reverse stock split.
- The reverse stock split will consolidate every 10 ordinary shares into one ordinary share.
- The reverse stock split is effective at the opening of market on Friday, October 16, 2026.
- Trading on a split-adjusted basis will begin on October 16, 2026.
- Prior to the split, the Company had 103,002,499 ordinary shares issued and outstanding.
- Fractional shares resulting from the split will be rounded up to the nearest whole share.
Price Impact
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