Robo.ai Inc. Announces Results of Extraordinary General Meeting

Robo.ai (Nasdaq: AIIO) shareholders approved all proposed resolutions, including a share consolidation and authorized capital increase effective November 6, 2026.

Rhea-AI Summary

Robo.ai (Nasdaq: AIIO) shareholders approved all proposed resolutions, including a share consolidation and authorized capital increase effective November 6, 2026.

Following effectiveness, authorized share capital will be US$19,250,000, divided into 385,000,000 shares: 35,000,000 Class A and 350,000,000 Class B ordinary shares. Issued and outstanding shares will comprise 552,700 Class A and 8,894,680 Class B ordinary shares. Shareholders also adopted the seventh amended and restated memorandum and articles of association at the extraordinary general meeting in Dubai.

News Explained

When the approved consolidation takes effect on November 6, 2026, fractional shares will not be issued; instead, they will be aggregated and, if possible, sold, with the proceeds distributed to the underlying shareholders.

Key Figures

Authorized share capital: US$19,250,000 Authorized shares: 385,000,000 shares Issued and outstanding shares: 552,700 Class A; 8,894,680 Class B +2 more

Authorized share capital

US$19,250,000

Following the share consolidation and capital increase

Authorized shares

385,000,000 shares

35,000,000 Class A and 350,000,000 Class B

Issued and outstanding shares

552,700 Class A; 8,894,680 Class B

Following the share consolidation and capital increase

Par value

US$0.05 per share

Class A and Class B ordinary shares

Share consolidation effective date

November 6, 2026

Authorized capital changes follow effectiveness

Historical Context

1 past event · Latest: Oct 16

1 event

1. Oct 16

   Reverse-split proposal

   24h Move

   -14.3%

   Announced a proposed 1-for-25 reverse split and an October 26 shareholder vote.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

authorized share capital, par value, reverse stock split

3 terms

authorized share capital financial

"the Company's authorized share capital will be US$19,250,000"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

par value financial

"with a par value of US$0.05 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

reverse stock split financial

"resulting from the reverse stock split will be disregarded"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DUBAI, UAE, Oct. 26, 2026 /PRNewswire/ -- Robo.ai Inc. (Nasdaq: AIIO) (the "Company"), a UAE-based, U.S.-listed company, today announced that each of the proposed resolutions submitted for shareholder approval as set forth in the notice of extraordinary general meeting of shareholders dated October 16, 2026 has been adopted at its extraordinary general meeting of shareholders held in Dubai, United Arab Emirates today.

After the adoption of the proposed resolutions, the seventh amended and restated memorandum and articles of association are adopted. Following the effectiveness of the share consolidation and increase in authorized share capital on November 6, 2026, (i) the Company's authorized share capital will be US$19,250,000 divided into 385,000,000 shares, comprising 35,000,000 Class A ordinary shares with a par value of US$0.05 per share, and 350,000,000 Class B ordinary shares with a par value of US$0.05 per share, and (ii) the Company's issued and outstanding shares will comprise 552,700 Class A ordinary shares with a par value of US$0.05 and 8,894,680 Class B ordinary shares with a par value of US$0.05. All fractional shares resulting from the reverse stock split will be disregarded and not be issued to the shareholders of the Company but all such fractional shares will be aggregated and, if possible, sold and distributed to the underlying shareholders as per latest decision of the board of directors of the Company.

About Robo.ai Inc.

Robo.ai Inc. (Nasdaq: AIIO), headquartered in Dubai, United Arab Emirates, is a Nasdaq-listed technology group building intelligent infrastructure across four platforms: artificial intelligence; robotics and smart mobility; advanced manufacturing; and digital assets and capital. Its industrial group, Alif Holding, is dedicated to building intelligent industries through the development, integration and manufacturing of AI systems, serving government, public sector and mission-critical domains. Through its subsidiary Neurovia AI, the Company develops AI software and visual data infrastructure. Quantum Core Capital ("QC Capital"), its AI-powered deep-tech holding and venture-building platform, incubates, invests in and operates businesses across artificial intelligence, robotics, digital infrastructure and the next-generation digital economy.

Forward-Looking Statements

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "targets," "likely to," "challenges," and similar statements. Robo.ai may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Robo.ai's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Robo.ai's strategies, future business development, and financial condition and results of operations; Robo.ai's limited operating history in its current business; Robo.ai's ability to generate positive cash flow and profits; Robo.ai's ability to compete successfully; Robo.ai's ability to build its brand and withstand negative publicity; and changes in customer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Robo.ai's filings with the SEC. All information provided in this press release is as of the date of this press release, and Robo.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

For investors:
Robo.ai Inc. Investor Relations
E-mail: ir@roboai.group 

For media:
Robo.ai Inc. Corporate Communications
E-mail: pr@roboai.group 

Website: www.roboai.group 

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SOURCE Robo.ai Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Robo.ai's share consolidation take effect?

Robo.ai's share consolidation and increase in authorized share capital take effect on November 6, 2026.

How will Robo.ai handle fractional shares from the reverse stock split?

Fractional shares will not be issued to shareholders; they will be aggregated and, if possible, sold, with proceeds distributed to the underlying shareholders under the board's latest decision.