SplitJun 8, 2026, 04:31 PM
Smart Powerr Corp. Announces 1-for-10 Reverse Stock Split
AI Summary
Smart Powerr Corp. announced a 1-for-10 reverse stock split of its common stock, effective for trading on NASDAQ on June 16, 2026. This action is primarily aimed at regaining compliance with Nasdaq's minimum bid price requirement for continued listing. The split will reduce the total outstanding shares from approximately 27.5 million to 2.75 million, with fractional shares rounded up. The company noted there is no assurance it will timely regain or maintain Nasdaq compliance.
Key Highlights
- Smart Powerr Corp. resolved to effect a 1-for-10 reverse stock split of its common stock.
- The split is primarily intended to bring the Company into compliance with Nasdaq's minimum bid price requirement.
- The Common Stock will open for trading on NASDAQ on a post-split basis on June 16, 2026.
- The reverse stock split will reduce outstanding shares from approximately 27.5 million to 2.75 million.
- Fractional shares resulting from the split will be rounded up to the next full share.
- The new CUSIP number for the post-Reverse Stock Split Common Stock is 168913507.
- The split will affect all outstanding stock options and warrants, adjusting shares and exercise prices.
Price Impact
More from CREG