Huachen AI Parking Management Technology Holding Co., Ltd

Huachen AI Parking Management Technology Holding Co., Ltd. announced a strategic cooperation framework agreement with Beyinda Limited to expand the precision metal components market in China. Huachen will utilize its market development capabilities and customer resources to assist Beyinda in sales expansion, while Beyinda will handle product manufacturing and quality assurance. The collaboration targets sectors such as new energy vehicles, charging infrastructure, and energy storage. This agreement is non-exclusive and does not include any minimum purchase or sales commitments.

Huachen AI Parking Management Technology Holding Co., Ltd successfully raised US$10,864,000 through a private placement. The company entered into securities purchase agreements on July 15, 2026, with certain investors for the issuance and sale of 7,000,000 Class A ordinary shares at a price of US$1.552 per share. The funds were received and shares issued on July 17, 2026, under an exemption from U.S. Securities Act registration requirements.

Huachen AI Parking Management Technology Holding Co., Ltd. held an Extraordinary General Meeting of Shareholders on July 8, 2026. Shareholders approved all matters recommended by the Board of Directors, including a significant increase in the company's authorized share capital from US$78,125 to US$37,500,000. Additionally, the company received approval for share consolidations of its Class A and Class B ordinary shares, with an accumulative ratio not exceeding 4000:1, to be implemented at the Board's discretion over two years.

Huachen AI Parking Management Technology Holding Co., Ltd has announced an Extraordinary General Meeting (EGM) to be held on July 8, 2026. Key proposals include a significant increase in authorized share capital, an amendment to the company's memorandum of association, and the authorization for share consolidations with a ratio of up to 4000:1 over two years. The Board of Directors unanimously recommends shareholders vote in favor of all proposed resolutions.

Huachen AI Parking Management Technology Holding Co., Ltd (HCAI) announced it has regained compliance with Nasdaq's minimum bid price requirement. The company had previously received a notification in August 2025 for failing to maintain a $1.00 closing bid price, followed by an extension until August 3, 2026. Nasdaq confirmed on April 28, 2026, that HCAI's Class A ordinary shares met the $1.00 minimum bid price for 11 consecutive business days, closing the matter.