PR Newswire·Oct 16, 2026, 4:04 PM ET

Robo.ai Inc. Announces Reverse Stock Split and Extraordinary General Meeting on October 26, 2026

AIIO

Robo.ai Inc. (NASDAQ: AIIO) plans to implement a 1-for-25 reverse stock split of all ordinary share classes effective November 6, 2026, at 9:30 am U.S. Eastern time.
Pre-split outstanding shares consisted of 13,817,501 Class A shares & 222,116,290 Class B shares, which will reduce to 552,701 Class A shares & 8,884,684 Class B shares post-split.
Class B shares will begin trading on an adjusted basis under the ticker "AIIO" on November 6, 2026, with a new CUSIP number of G6693P130.
The Company holds an extraordinary general meeting (EGM) on October 26, 2026, at 8:30 am U.S. Eastern time in Dubai to seek shareholder approval for the consolidation.
Voting rights are based on a record date of October 14, 2026, with each Class A share entitled to 25 votes & each Class B share entitled to 1 vote.
Resolutions include consolidating existing shares at a 25-for-1 ratio, adjusting par values to US$0.05, & aggregating fractional shares for sale to the Company.
The EGM will also consider increasing authorized share capital from US$4 million to US$19.25 million by creating additional Class A & Class B shares.
Approval of the Seventh Amended & Restated Memorandum & Articles of Association is required to reflect the consolidation & capital increase.
All options, warrants, & convertible securities will be proportionately adjusted, while no fractional shares will be issued to shareholders.
The trading price of Class B shares is expected to increase proportionately, though the Company provides no assurance the price will equal or exceed 25 times the pre-split level.