Mergers & Acquisitions ·
Kaixin Holdings approved the issuance of an additional 10,000,000 Class A ordinary shares to Hsiao-Ching Chiu as part…
KXINKaixin Holdings
Kaixin Holdings approved the issuance of an additional 10,000,000 Class A ordinary shares to Hsiao-Ching Chiu as part of the acquisition consideration for Hongkong Taohaoche Limited. This adjustment compensates for a substantial decline in the market value of the original 10,000,000 Consideration Shares, which dropped from over $5.00 per share to under $1.50 following the August 26, 2026 agreement date. The additional shares will be held in escrow and released subject to six-year performance targets defined in the Purchase Agreement. Kaixin Holdings operates in the automotive industry.