Robo.ai Plans 1-for-25 Reverse Split, EGM Set for Oct. 26
UAE-based Nasdaq-listed Robo.ai Inc. seeks shareholder approval for a 1-for-25 reverse stock split at an extraordinary general meeting.
Robo.ai Inc. (Nasdaq: AIIO), a UAE-based company listed on the Nasdaq exchange, announced plans Thursday to execute a 1-for-25 reverse stock split across all classes of its ordinary shares, contingent on shareholder approval at an extraordinary general meeting scheduled for October 26, 2026.
Reverse stock splits reduce the total number of shares outstanding while proportionally increasing the price per share, a mechanism companies frequently employ to meet minimum share-price requirements set by stock exchanges such as Nasdaq, which mandates a $1 minimum bid price for continued listing.
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The company disclosed the move via a press release dated October 16, 2026, from Dubai, UAE, where it is headquartered. Robo.ai operates as a U.S.-listed entity, making it subject to Nasdaq's ongoing listing standards despite its Middle Eastern base of operations.
Shareholders will vote on the proposal at the October 26 extraordinary general meeting. If approved, the consolidation would reduce the share count by a factor of 25, with each 25 existing shares converted into one new share. The company did not disclose in its announcement the current share price, total shares outstanding, or the specific rationale for the chosen ratio.
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