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EZGO Announces 1-for-25 Reverse Share Split Effective November 21, 2025
Prnewswire· 2025-11-19 12:00
Core Viewpoint - EZGO Technologies Ltd. has announced a reverse share split on a one-for-twenty-five basis to increase the market price per share and maintain its Nasdaq listing [1][2]. Group 1: Reverse Share Split Details - The reverse share split will combine every twenty-five pre-split ordinary shares into one ordinary share, reducing the total shares from 21,700,706 to approximately 868,029 [2]. - The par value of the ordinary shares will change from $0.04 per share to no par value [2]. - The new trading of the shares will commence on November 21, 2025, under a new CUSIP number G5279F201 [2]. Group 2: Shareholder Impact - No fractional shares will be issued; shareholders entitled to a fractional share will have their entitlement rounded up to the nearest whole share [3]. - The reverse share split will not require a vote from shareholders as per the laws of the British Virgin Islands [3]. Group 3: Company Overview - EZGO Technologies Ltd. specializes in short-distance transportation solutions in China, focusing on the design, manufacturing, and sale of electric vehicles and related accessories [5].