Robo.ai Inc. Announces Reverse Stock Split and Shareholder Meeting
Robo.ai Inc., a UAE-based company listed on Nasdaq under the ticker AIIO, announced plans to implement a reverse stock split of its ordinary shares at a ratio of 1 for 25, subject to shareholder approval. The consolidation is set to take effect on November 6, 2026 and will reduce the number of outstanding Class A and Class B shares significantly. The company also announced an extraordinary general meeting (EGM) scheduled for October 26, 2026 in Dubai where shareholders can vote on the proposed reverse stock split. Shareholders as of October 14, 2026 are eligible to participate. The EGM will be held at Meydan Grandstand and is also available via live webcast. The reverse stock split aims to increase the trading price per share proportionally but does not guarantee a specific post-split valuation. Outstanding options and convertible securities will be adjusted accordingly, with no fractional shares issued.
Topics: share restructuring stock split trading price change
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