Huachen AI Parking Management Technology Holding Co., Ltd. announced a 1-for-30 reverse stock split of its Class A and Class B ordinary shares, effective April 13, 2026, to increase the per-share trading price for Nasdaq compliance.
Key takeaways
The company approved a 1-for-30 reverse stock split for both Class A and Class B ordinary shares, effective April 13, 2026, subject to Nasdaq approval.
The reverse split will reduce outstanding Class A shares from ~18.9 million to ~629,167 and Class B shares from ~16 million to ~533,333, proportionally reducing authorized shares to ~2.08 billion.
The action is intended to increase the per-share trading price to maintain compliance with Nasdaq's minimum bid price requirement, following shareholder authorization in December 2025.
Post-split, the par value per share will increase to $0.0000375, and Class A shares will trade under a new CUSIP number (G4645R122) while the ticker symbol remains 'HCAI'.
Fractional shares will be rounded up to the next whole share, with the reverse split affecting all shareholders uniformly without altering percentage ownership except for minimal fractional adjustments.