Huachen AI Parking Management Approves 1-for-30 Reverse Split, Shares Cut to 629K and 533K
Huachen AI Parking Management approved a 1-for-30 reverse stock split effective April 13, reducing Class A shares from 18.9 million to 629,167 and Class B shares from 16 million to 533,333. Par value increases to $0.0000375 per share, authorized shares fall to 2.083 billion, and CUSIP changes to G4645R122.
1. Board Approves Reverse Stock Split
The Board of Directors approved a 1-for-30 reverse stock split for both Class A and Class B ordinary shares, to become effective at the open of business on April 13, 2026, pending approval by Nasdaq. This action follows authorization granted at the extraordinary general meeting on December 7, 2025.
2. Determination of 1-for-30 Ratio
Shareholders originally empowered the Board to choose a consolidation ratio from 1-for-2 to 1-for-250 within a year of December 7, 2025, and the Board formally selected the 1-for-30 ratio on March 24, 2026 to meet minimum bid price requirements.
3. Consolidation Effects on Shares and Par Value
Post-split, outstanding Class A shares will decrease from about 18,897,500 to 629,167 and Class B shares from about 16,000,000 to 533,333. The par value per share will rise from $0.00000125 to $0.0000375, and authorized ordinary shares will be reduced to 2,083,333,334.
4. CUSIP Change and Shareholder Impact
Following the split, Class A shares will trade under new CUSIP G4645R122 while the ticker symbol remains unchanged. Fractional shares will be rounded up, and no shareholder’s percentage ownership will materially change.