PR Newswire·Apr 1, 2026, 6:00 AM ET

Robo.ai Inc. Announces Reverse Stock Split

Robo.ai Inc. (Nasdaq: AIIO) announced a 1-for-20 reverse stock split for all ordinary share classes effective April 6, 2026, at 8:00 am U.S. Eastern time.
The split was approved by the board of directors on January 19, 2026, to regain compliance with the Nasdaq Capital Market's $1.00 minimum bid price requirement.
Pre-split share counts included 36,350,011 Class A shares & 355,750,058 Class B shares, which will reduce to 1,817,501 Class A shares & 17,787,525 Class B shares post-split.
Class B shares will begin adjusted trading on April 6, 2026, under ticker symbol "AIIO" with a new CUSIP number G6693P122.
The transaction affects all shareholders uniformly without altering percentage interests, except for fractional share adjustments where fractions will be rounded up to full shares.
Outstanding options, warrants, & convertible securities will be proportionately adjusted in accordance with their terms.
The company states the trading price is expected to increase proportionately but provides no assurance that the post-split price will be twenty times the pre-split price.