Kandi Announces 1-for-10 Reverse Split Effective October 16
KNDI is trading near its 52-week low of $0.478 (11% above the low) on light trading volume (0.1× avg).
Summary
Kandi Technologies will implement a 1-for-10 reverse stock split at the market open on Friday, October 16, 2026. The company has 103,002,499 ordinary shares outstanding pre-split, including 2,077,134 shares repurchased in 2024. The reverse split is intended to raise the per-share price, which currently trades around $0.53, to maintain Nasdaq listing compliance. Fractional shares will be rounded up, and the new CUSIP is G5214E111. This follows strong H1 2026 results reported in September, with net income up 452% year-over-year, but the low share price remains a listing risk. The split itself does not change the company's market capitalization or any shareholder's percentage ownership.
At the time of this announcement, KNDI was trading at $0.53 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $54.5M. The 52-week trading range was $0.48 to $1.29. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.