{
  "id": 18276482,
  "title": "Robo ai Reaffirms One for 25 Reverse Stock Split Plan",
  "url": "https://urgent.news/2026/11/05/robo-ai-reaffirms-one-for-25-reverse-stock-split-plan",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-05T08:06:10.000Z",
  "source": {
    "name": "Vietnam Investment Review",
    "slug": "vietnam-investment-review",
    "url": "https://vir.com.vn/roboai-reaffirms-one-for-25-reverse-stock-split-plan-164375.html"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}