EZGO to Consolidate 345.9M Shares into ~2.3M via 1-for-150 Reverse Split
EZGO’s board approved a one-for-150 reverse share split effective May 19, 2026, automatically consolidating 345,884,745 ordinary shares into approximately 2,305,899 post-split shares. The move raises the market price per share and ensures compliance with Nasdaq Capital Market listing requirements.
1. Reverse Split Details
On May 6, EZGO’s board approved a one-for-150 reverse share split, effective May 19, 2026. Under the plan, every 150 issued ordinary shares will combine into one share, reducing the total from 345,884,745 to about 2,305,899, with fractional holdings rounded to the nearest whole share.
2. Purpose and Compliance
The reverse split is designed to boost the per-share market price to meet Nasdaq Capital Market minimum bid requirements. No shareholder vote was required under British Virgin Islands law, and fractional shares below one-half are cancelled while those at or above one-half convert to a full share.