Kaixin Holdings Announces Share Consolidation
Kaixin Holdings - Ordinary Shares (KXIN)
Company Research
Source: GlobeNewswire
HANGZHOU, China, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-60, effective on October 25, 2024 (the “Share Consolidation”). The Company’s ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on October 25, 2024. Upon the market opening on October 25, 2024, the Company’s ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol “KXIN” with the new CUSIP number G5223X159. As a result of the Share Consolidation, every sixty shares of the Company’s ordinary shares will be automatically consolidated into one ordinary share. Outstanding warrants and other outstanding equity rights will be proportionately adjusted to reflect the Share Consolidation. No fractional shares will be issued in connection with the Share Consolidation, and in the event that a s
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