Robo ai Reaffirms One for 25 Reverse Stock Split Plan
Nasdaq listed technology company Robo ai confirmed shareholder approval for a 1 for 25 reverse stock split across all classes of its issued ordinary shares
DUBAI, UAE - Robo.ai Inc. (Nasdaq: AIIO), a UAE-based technology company, has reaffirmed its plan to execute a 1-for-25 reverse stock split on Class A and Class B ordinary shares, starting November 6, 2026. The split will reduce the number of shares from 13,817,501 Class A and 222,116,290 Class B to 552,700 Class A and 8,894,680 Class B shares.
The Class B shares, currently traded under the symbol AIIO, will trade on an adjusted basis post-split. The reverse split aims to meet Nasdaq's minimum bid price requirement of $1.00 per share. The Company will not seek new financing but will explore alternative capital sources like supply chain financing. Shareholders holding book-entry shares or through a bank, broker, or nominee will see their positions adjusted automatically, and no action is required from them. Odyssey Transfer and Trust Company is the designated exchange agent for the reverse stock split.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
