Huachen AI Parking Management Technology Holding Co., Ltd. Announces 1-for-20 Reverse Stock Split Effective October 23, 2026
Key Highlights
- ➤1-for-20 reverse split starts October 23 under Nasdaq ticker HCAI
- ➤Outstanding Class A shares fall from 10,379,942 to approximately 518,997
- ➤Outstanding Class B shares fall from 533,334 to 26,667
- ➤Reverse split targets compliance with Nasdaq’s minimum bid price requirement
- ➤Huachen cannot assure regaining or maintaining Nasdaq listing compliance
Expert Statements
Bin Lu, Chief Executive Officer of Huachen
“The reverse stock split is intended to support our efforts to maintain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).”
Bin Lu, Chief Executive Officer of Huachen
“While the Reverse Stock Split is intended to assist the Company in regaining compliance with Nasdaq Listing Rule 5550(a)(2), the Company cannot assure that it will be able to regain or maintain compliance with Nasdaq's continued listing standards. We remain focused on executing our strategic initiatives and enhancing long-term value for our shareholders.”
SHANGHAI, China, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Huachen AI Parking Management Technology Holding Co., Ltd. (NASDAQ: HCAI) ("Huachen" or the "Company"), today announced a 1-for-20 reverse stock split of the Company's Class A ordinary shares and Class B ordinary shares (the "Reverse Stock Split").
Beginning with the opening of trading on October 23, 2026, the Company's Class A ordinary shares will trade on the Nasdaq Capital Market on a reverse-split-adjusted basis under the existing ticker symbol "HCAI." The new CUSIP number of the Company's Class A ordinary shares will be G4645R205. When the Reverse Stock Split becomes effective, every twenty (20) issued and outstanding Class A ordinary shares will be automatically combined into one (1) Class A ordinary share, and every twenty (20) issued and outstanding Class B ordinary shares will be automatically combined into one (1) Class B ordinary share.
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