Robo.ai Inc. (Nasdaq: AIIO) confirmed Wednesday that it will press ahead with a 1-for-25 reverse stock split at the opening bell on November 6, 2026, doubling down on a compliance strategy that already fell short once this year.
The reaffirmation comes after shareholders approved the consolidation at an extraordinary general meeting in late October. Every twenty-five existing ordinary shares will be folded into one, and the Class B shares will continue trading under the ticker "AIIO" with a new CUSIP number (G6693P130).
Under the revised capitalization, outstanding Class A shares will fall from 13,817,501 to roughly 552,700, while Class B shares will shrink from 222,116,290 to about 8,894,680. Ownership percentages and voting rights remain unchanged, aside from...
Robo.ai Inc. (Nasdaq: AIIO) confirmed Wednesday that it will press ahead with a 1-for-25 reverse stock split at the opening bell on November 6, 2026, doubling down on a compliance strategy that already fell short once this year.
The reaffirmation comes after shareholders approved the consolidation at an extraordinary general meeting in late October. Every twenty-five existing ordinary shares will be folded into one, and the Class B shares will continue trading under the ticker "AIIO" with a new CUSIP number (G6693P130).
Under the revised capitalization, outstanding Class A shares will fall from 13,817,501 to roughly 552,700, while Class B shares will shrink from 222,116,290 to about 8,894,680. Ownership percentages and voting rights remain unchanged, aside from...