Robo.ai Inc. Reaffirms 1-for-25 Reverse Stock Split to Meet Nasdaq Listing Requirements
Robo.ai Inc. (Nasdaq: AIIO) has reaffirmed its upcoming 1-for-25 reverse stock split, which is scheduled to take effect at the opening of U.S. Eastern time on November 6, 2026. The primary objective of this corporate action is to bring the company's share price back above the $1.00 minimum threshold required by Nasdaq Listing Rule 5550(a)(2). The split will affect all classes of ordinary shares, significantly reducing the total number of outstanding Class A and Class B shares. While the trading price is expected to increase proportionately, the company noted there is no guarantee the post-split price will exceed 25 times the pre-split value. Additionally, floor prices for all outstanding convertible notes will be adjusted by a factor of 25. Robo.ai stated that this split will not be accompanied by new financing. To meet ongoing capital needs, the company plans to pursue alternative methods such as supply chain financing or subsidiary-level capital raises to minimize equity dilution at the parent level.
Tickers: $NDAQ
Topics: Nasdaq listing requirements reverse stock split share consolidation
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