Huachen AI Parking Approves 1-for-30 Share Combination
Huachen AI Parking announced that its board of directors has approved a share combination of its Class A and Class B ordinary shares at a ratio of 1-for-30. The reverse stock split is expected to become effective at the open of business on April 13, subject to approval by Nasdaq. The company's Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol (HCAI). The reverse stock split is intended to increase the per-share trading price of the company's Class A ordinary shares to assist in maintaining compliance with Nasdaq's minimum bid price requirement. The implementation of this reverse stock split follows the authorization granted at the company's extraordinary general meeting of shareholders held on December 7, 2025. At that meeting, shareholders approved an ordinary resolution to consolidate Class A and Class B ordinary shares at a ratio ranging from 1-for-2 to 1-for-250, granting the board of directors the sole discretion to determine the final ratio and timing within one year of the meeting. On March 24, the board officially determined the 1-for-30 ratio.
