What is the date of EZGO (NASDAQ: EZGO) 1-for-150 reverse share split?

EZGO’s 1-for-150 reverse share split becomes effective for trading on May 19, 2026. According to EZGO, shares will begin trading on a post-split basis that day on the Nasdaq Capital Market under the same ticker symbol, EZGO.

How does the EZGO 1-for-150 reverse share split affect existing shareholders?

Each EZGO shareholder will receive one ordinary share for every 150 shares held. According to EZGO, the total outstanding shares will decrease from 345,884,745 to about 2,305,899, while the Nasdaq ticker remains EZGO with a new CUSIP G5279F300.

Why is EZGO conducting a 1-for-150 reverse share split of its stock?

EZGO states the reverse share split is intended to increase its ordinary share market price. According to EZGO, this higher per-share price is aimed at helping the company maintain compliance with Nasdaq continued listing requirements on the Nasdaq Capital Market.

Do EZGO shareholders need to take any action for the 2026 reverse share split?

Most EZGO shareholders do not need to take action for the reverse split. According to EZGO, the transfer agent VStock Transfer will handle the process, and holders of physical certificates can adjust them by surrendering certificates to the transfer agent.

EZGO Announces 1-for-150 Reverse Share Split Effective May 19, 2026

EZGO (Nasdaq: EZGO) approved a 1-for-150 reverse share split of its ordinary shares, effective for trading on May 19, 2026.

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Sentiment and the balance of points

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Rhea-AI Summary

EZGO (Nasdaq: EZGO) approved a 1-for-150 reverse share split of its ordinary shares, effective for trading on May 19, 2026.

Every 150 existing shares will combine into one share, reducing outstanding shares from 345,884,745 to about 2,305,899, aiming to support Nasdaq listing compliance.

Positive

1-for-150 reverse split effective May 19, 2026
Outstanding shares reduced from 345,884,745 to approximately 2,305,899
Action intended to support Nasdaq continued listing compliance

Negative

Fractional shares under one-half of a share will be cancelled
Very high 1-for-150 reverse split ratio

Argus May 15 session

-32.58% close to close Open Argus

Details

News Market Reaction – EZGO

On May 15, the day this news came out, EZGO closed 32.58% below the previous close.

Data tracked by StockTitan Argus for the May 15 session.

Key Figures

Reverse split ratio: 1-for-150 Share count pre-split: 345,884,745 shares Share count post-split: 2,305,899 shares +5 more

Reverse split ratio: 1-for-150; Reverse share split approved May 6, 2026
Share count pre-split: 345,884,745 shares; Issued and outstanding before 1-for-150 split
Share count post-split: 2,305,899 shares; Approximate issued and outstanding after 1-for-150 split
Split effective date: May 19, 2026; Post-split trading commencement on Nasdaq Capital Market
ATM size: $100,000,000; ATM program for ordinary shares via AC Sunshine Securities LLC
Shelf capacity: $200,000,000; Form F-3 shelf for ordinary shares, debt, warrants, rights or units
PIPE gross proceeds: US$12.0 million; 20,000,000 shares at US$0.60 closed Jan 5, 2026
2025 net loss: $8,692,370; Net loss attributable to shareholders, year ended Sep 30, 2025

Previous Stock split Reports

1 past event · Latest: Nov 19

Same Type 1 event

Nov 19
Reverse share split

24h Move

-35.3%

Announced 1-for-25 reverse split to boost price and retain Nasdaq listing.

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

Key Terms

reverse share split, nasdaq capital market, cusip number, transfer agent, +1 more

5 terms

nasdaq capital market regulatory

"The Company's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "EZGO,""

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

cusip number financial

"under a new CUSIP number – G5279F300."

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

transfer agent financial

"The Company's transfer agent, VStock Transfer, LLC, will act as the exchange agent."

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

exchange agent financial

"VStock Transfer, LLC, will act as the exchange agent."

An exchange agent is a third party appointed to handle the practical steps when securities are being swapped, such as during mergers, tender offers, or restructurings. Think of it as a trusted post office that collects old shares, verifies ownership, completes required paperwork and regulatory filings, and delivers the new shares or cash to investors; its efficiency and accuracy affect how quickly and safely investors receive the value they're owed.

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

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05/15/2026 - 07:00 AM

CHANGZHOU, China, May 15, 2026 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or "we," "our," or the "Company"), a leading short-distance transportation solutions provider in China, today announced that on May 6, 2026, its board of directors approved a reverse split of its ordinary shares on a one-for-one-hundred and fifty basis (the "Reverse Share Split"). The Company's ordinary shares will begin trading on a post-split basis on May 19, 2026.

As a result of the Reverse Share Split, every one-hundred and fifty (150) issued ordinary shares of the Company will be automatically combined into one (1) issued ordinary share, with fractional shares rounded to the nearest whole share, and without any action required on the part of the shareholders. Following the Reverse Share Split, the total number of issued and outstanding ordinary shares will be reduced from 345,884,745 to approximately 2,305,899. The Company's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "EZGO," under a new CUSIP number – G5279F300. The Reverse Share Split is intended to increase the market price per share of the Company's ordinary shares to allow the Company to maintain compliance with Nasdaq continued listing requirements.

No fractional shares will be issued as a result of the Reverse Share Split. Shareholders who would receive a fractional share as a result of the 150 for 1 Reverse Split shall receive, if they hold a fractional share equal to one-half or more, a full ordinary share, and if they hold a fractional share equal to less than one-half of an ordinary share, then that fractional share will be cancelled.

The Reverse Share Split will not be submitted to a vote of the Company's shareholders as a vote was not required under the laws of the British Virgin Islands.

The Company's transfer agent, VStock Transfer, LLC, will act as the exchange agent. Adjustments made to ordinary shares represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer, LLC for further information at (212) 828-8436.

About EZGO Technologies Ltd.

Leveraging an Internet of Things (IoT) product and service platform, EZGO has established a business model centered on the design, manufacturing and sale of electric mobility products, intelligent robots and related accessories, including batteries, charging facilities and electronic control systems. For additional information, please visit EZGO's website at www.ezgotech.com.cn. Investors can visit the "Investor Relations" section of EZGO's website at www.ezgotech.com.cn/Investor.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the "SEC"), including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

View original content:https://www.prnewswire.com/news-releases/ezgo-announces-1-for-150-reverse-share-split-effective-may-19-2026-302773359.html

SOURCE EZGO Technologies Ltd.

FAQ

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

What happens to fractional shares in the EZGO reverse split on May 19, 2026?

EZGO will not issue fractional shares in the reverse split. According to EZGO, fractional holdings of one-half or more become a full share, while fractional holdings under one-half of a share are cancelled without being rounded up.

Will the EZGO stock symbol or CUSIP change after the reverse split?

EZGO’s Nasdaq ticker symbol will remain EZGO after the reverse split. According to EZGO, only the CUSIP number for its ordinary shares will change, becoming G5279F300 once post-split trading begins on May 19, 2026.

EZGO Announces 1-for-150 Reverse Share Split Effective May 19, 2026