Autozi Internet Technology (Global) Ltd. Announces 10 for 1 Share Consolidation

Autozi Internet Technology (Nasdaq: AZI) announced a 10-for-1 share consolidation approved February 27, 2026 and effective March 23, 2026 to regain compliance with Nasdaq Marketplace Rule 5550(a)(2).

Rhea-AI Summary

Autozi Internet Technology (Nasdaq: AZI) announced a 10-for-1 share consolidation approved February 27, 2026 and effective March 23, 2026 to regain compliance with Nasdaq Marketplace Rule 5550(a)(2). Each 10 pre-consolidation shares will combine into one share; fractional shares will be converted to whole shares.

Post-consolidation Class A outstanding shares will be approximately 4,489,123 (from 44,891,221). Trading continues under symbol AZI with new CUSIP G06382132.

Positive

• Regains Nasdaq compliance by addressing Rule 5550(a)(2)
• Outstanding Class A shares reduced ~90% from 44,891,221 to ~4,489,123
• Trading continuity preserved under symbol AZI with new CUSIP G06382132

Negative

• Prior non-compliance with Nasdaq Rule 5550(a)(2) prompted the consolidation
• Authorised share capital and par value changed, adjusting corporate share structure

Argus Mar 19 session

-36.44% close to close Open Argus

Details

News Market Reaction – AZI

On Mar 19, the first trading day after this news, AZI closed 36.44% below the previous close.

Data tracked by StockTitan Argus for the Mar 19 session.

Market Context

On Mar 19, the first trading day after this news, the stock closed 36.4% below the previous close. A...

Analysis

On Mar 19, the first trading day after this news, the stock closed 36.4% below the previous close. A negative reaction despite structural share consolidation fits a pattern where ostensibly supportive actions, such as capital infusions and growth deals, often preceded declines; four of the last five news events saw post-announcement drops. The 10-for-1 consolidation to address Nasdaq’s bid-price rule follows a fall to 0.4752, over 99% below the $69 52-week high. An effective resale shelf for 34,972,600 shares may also keep investors focused on overhang and governance risk.

Key Figures

Reverse split ratio: 10-for-1 Effective date: March 23, 2026 Authorized capital: US$500,000 +5 more

Reverse split ratio

10-for-1

Share consolidation effective March 23, 2026

Effective date

March 23, 2026

Share consolidation effective date for Nasdaq trading

Authorized capital

US$500,000

Total authorized share capital pre- and post-consolidation

Class A authorized (pre)

9,600,000,000 shares

Class A ordinary shares of US$0.00005 par value each

Class A authorized (post)

960,000,000 shares

Class A ordinary shares of US$0.0005 par value each

Class B authorized (pre)

400,000,000 shares

Class B ordinary shares of US$0.00005 par value each

Class B authorized (post)

40,000,000 shares

Class B ordinary shares of US$0.0005 par value each

Class A outstanding (pre)

44,891,221 shares

Issued and outstanding Class A ordinary shares before consolidation

Historical Context

5 past events · Latest: Mar 10

5 events

1. Mar 10

   Investment tranche

   24h Move

   -10.7%

   First tranche of about $30M from co-investors under $110M equity plan.

2. Mar 09

   Capital injection

   24h Move

   +146.4%

   Controlling shareholder’s $7M injection and proposed $110M investment at $1.30.

3. Feb 10

   Crypto asset deal

   24h Move

   -56.9%

   Acquisition of ~$1.87B digital assets for about $1.1B plus strategic partnership talks.

4. Feb 03

   European framework

   24h Move

   -1.4%

   Cooperation framework targeting ~US$500M revenue in three years with Velocar.

5. Jan 30

   Premium subscription

   24h Move

   -4.0%

   $10M subscription from controlling shareholder at a 30% premium to market.

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

Key Terms

share consolidation, Nasdaq Marketplace Rule 5550(a)(2), CUSIP

3 terms

share consolidation financial

"approved on February 27, 2026 that the authorised, issued, and outstanding shares of the Company be consolidated"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

Nasdaq Marketplace Rule 5550(a)(2) regulatory

"objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2)"

Nasdaq Marketplace Rule 5550(a)(2) sets a minimum share price requirement for companies listed on the Nasdaq Capital Market, typically requiring that a company’s common stock maintain a closing bid of at least $1.00 per share. It matters to investors because failure to meet this threshold can trigger a delisting review, which is similar to failing a safety inspection: the stock may be removed from the exchange or force corporate actions (like a reverse split) that change liquidity, visibility, and how easy it is to buy or sell the shares.

CUSIP regulatory

"under the same symbol “AZI” but under a new CUSIP number, G06382132"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

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BEIJING, March 18, 2026 (GLOBE NEWSWIRE) -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (the “Company” or “Autozi”), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that the Company’s board of directors approved on February 27, 2026 that the authorised, issued, and outstanding shares of the Company be consolidated on a 10 for 1 ratio with the marketplace effective date of March 23, 2026.

The objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.

Beginning with the opening of trading on March 23, 2026, the Company’s Class A ordinary shares will trade on the Nasdaq Global Market on a split-adjusted basis, under the same symbol “AZI” but under a new CUSIP number, G06382132.

As a result of the share consolidation, each 10 ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders. No fractional shares will be issued to any shareholders in connection with the share consolidation, and each shareholder will be entitled to receive one share of the Company in lieu of the fractional share of that class that would have resulted from the share consolidation.

At the time the share consolidation is effective, the Company’s authorised share capital will be changed from US$500,000 divided into 9,600,000,000 Class A ordinary shares of US$0.00005 par value each and 400,000,000 Class B ordinary shares of US$0.00005 par value each, to US$500,000 divided into 960,000,000 Class A ordinary shares of US$0.0005 par value each and 40,000,000 Class B ordinary shares of US$0.0005 par value each. The Company’s total issued and outstanding Class A ordinary shares will be changed from 44,891,221 Class A ordinary shares of US$0.00005 par value each to approximately 4,489,123 Class A ordinary shares of US$0.0005 par value each. The Company’s total issued and outstanding Class B ordinary shares will be changed from 613,102 Class B ordinary shares of US$0.00005 par value each to approximately 61,311 Class B ordinary shares of US$0.0005 par value each.

About Autozi Internet Technology (Global) Ltd.

Autozi Internet Technology (Global) Ltd. is a leading, fast-growing provider of lifecycle automotive services in China. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector. 

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Autozi Internet Technology (Global) Ltd.
Mr. Hui Zhang
Email: boardoffice@autozi.com 

FAQ

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

What is the effective date of Autozi's (AZI) 10-for-1 share consolidation?

The share consolidation becomes effective on March 23, 2026. According to the company, trading will open on a split-adjusted basis that day and the new CUSIP will take effect.

Why did Autozi (AZI) implement a 10-for-1 share consolidation on March 23, 2026?

The consolidation was implemented to enable the company to regain compliance with Nasdaq Rule 5550(a)(2). According to the company, the board approved the action on February 27, 2026 to maintain its Nasdaq listing.

How many Class A shares will Autozi (AZI) have after the 10-for-1 consolidation?

Post-consolidation Class A outstanding shares will be approximately 4,489,123. According to the company, this reflects the conversion from 44,891,221 pre-consolidation shares.

Will Autozi (AZI) shareholders receive fractional shares after the 10-for-1 consolidation?

No fractional shares will be issued; shareholders will receive whole shares instead. According to the company, each shareholder will receive one whole share in lieu of any fractional share.

Will Autozi (AZI) keep the same ticker and get a new CUSIP after the consolidation?

Yes, the company will continue trading under the ticker AZI and will use new CUSIP G06382132. According to the company, trading will be on a split-adjusted basis beginning March 23, 2026.