Kandi Technologies Group Sets 1-for-10 Reverse Stock Split Effective Oct. 16
Kandi Technologies Group, Inc. (KNDI) will implement a 1-for-10 reverse stock split that takes effect when markets open on Oct. 16, 2026. Under the split, every 10 existing shares will consolidate into one new share, reducing total outstanding shares from 103,002,499 to approximately 10.3 million before rounding. Any fractional shares resulting from the consolidation will be rounded up to the nearest whole share, and the company's par value will shift to $0.01 per share. Shares will continue trading on the Nasdaq under the existing symbol KNDI with a new CUSIP number, G5214E111.
The operational change comes as shares traded at $0.5373, down 6.77% on the day. Consolidating shares increases the individual price per share without changing the total market value of the company. Businesses frequently take this step to comply with minimum price thresholds required to maintain their exchange listings on the Nasdaq, as well as to alter trading liquidity and volatility dynamics.
Investors and brokers will need to adjust existing market orders and stop-loss levels ahead of the market open on Oct. 16 to reflect the split-adjusted pricing. Beyond the mechanical adjustments, market participants will be watching for operational catalysts such as financial guidance, progress toward profitability, or new contracts that could indicate fundamental business improvement following the recapitalization.
Key points
- Kandi Technologies Group, Inc. will execute a 1-for-10 reverse stock split effective at market open on Oct. 16, 2026.
- The share consolidation will reduce outstanding shares from 103,002,499 to roughly 10.3 million, with fractional shares rounded up.
- Shares will trade on a split-adjusted basis on Nasdaq under ticker KNDI with a new CUSIP identifier, G5214E111.
- The reverse split boosts per-share price, helping the company meet minimum Nasdaq exchange listing requirements.
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How we writeDisclaimerQuestions and answers
When will the Kandi Technologies reverse stock split take effect?
The 1-for-10 reverse stock split is effective at market open on Oct. 16, 2026.
What happens to fractional shares in the Kandi Technologies reverse split?
Fractional shares resulting from the 1-for-10 consolidation will be rounded up to the nearest whole share.
Why is Kandi Technologies implementing a reverse stock split?
Companies implement reverse stock splits to raise their per-share price, which helps meet exchange listing requirements and maintain their Nasdaq listing status.