Dividends & Buybacks ·
Huachen AI Parking Management Technology Holding Co., Ltd Announces 1-for-20 Reverse Stock Split Effective October 23, 2026
HCAIHuachen AI Parking Management Technology Holding Co., Ltd
Huachen AI Parking Management Technology Holding Co., Ltd. announced a 1-for-20 reverse stock split of its Class A and Class B ordinary shares, effective with the opening of trading on October 23, 2026. The consolidation reduces outstanding Class A shares from approximately 10.4 million to roughly 519,000 and Class B shares from about 533,000 to 26,667. The move aims to maintain compliance with Nasdaq's $1.00 minimum bid price requirement under Listing Rule 5550(a)(2). Concurrently, the company amended its memorandum and articles of association to adjust authorized share counts and increase par value to US$0.00075 per share. Outstanding warrants were also adjusted proportionately. Huachen AI Parking Management Technology Holding Co., Ltd. is a China-based provider of smart-parking systems and precision structural parts.