EZGO Announces 1-for-3 Reverse Share Split Effective November 5, 2026

Issued and outstanding ordinary shares will fall from 5,305,950 to approximately 1,768,650 following the reverse split.

Rhea-AI Summary

EZGO Technologies (Nasdaq: EZGO) will implement a one-for-three reverse share split, with post-split trading beginning November 5, 2026.

The board approved the split on August 6, 2026. Every three issued ordinary shares will automatically become one, without shareholder action. EZGO said the split is intended to increase its per-share market price to maintain compliance with Nasdaq continued listing requirements. The shares will continue trading on the Nasdaq Capital Market under EZGO.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.One-for-three reverse split is intended to increase the per-share price to maintain Nasdaq continued listing compliance.

News Explained

The announced consolidation is expected to reduce EZGO’s issued and outstanding ordinary shares from 5,305,950 to approximately 1,768,650; the split itself changes share count and per-share price proportionally, not company value.

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Details

Market Reaction – EZGO

-19.3% Trough in 0 min

$0.65 – $0.80 Day Range

$4.24M Mkt Cap at Last Price

On Nov 3, the day this news came out, the latest delayed price for EZGO is 0.67% above the previous close. Argus tracked a trough of -19.3% from its starting point during tracking. Our momentum scanner has recorded 12 alerts for this stock so far that day. The latest delayed price is $0.80. Relative volume is exceptionally heavy at 43.4x what this stock usually trades by this time of day.

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Key Figures

Reverse split ratio: 1-for-3 Post-split trading date: November 5, 2026 Issued and outstanding ordinary shares: 5,305,950 to approximately 1,768,650

Reverse split ratio

1-for-3

Approved by the board on August 6, 2026

Post-split trading date

November 5, 2026

Ordinary shares begin trading on a post-split basis

Issued and outstanding ordinary shares

5,305,950 to approximately 1,768,650

Following the reverse share split

Previous Stock split Reports

2 past events · Latest: May 15

Same Type 2 events

1. May 15

   Reverse split

   24h Move

   -32.6%

   Announced a 1-for-150 reverse split; shares fell 32.58% in the following 24 hours.

2. Nov 19

   Reverse split

   24h Move

   -35.3%

   Announced a 1-for-25 reverse split; shares fell 35.26% in the following 24 hours.

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, cusip, issued and outstanding

3 terms

reverse share split financial

"approved a reverse split of its ordinary shares on a one-for-three basis"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

cusip financial

"under a new CUSIP number – G5279F128"

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.

View in glossary

issued and outstanding financial

"the total number of issued and outstanding ordinary shares"

Issued and outstanding refers to two related counts of a company's stock: "issued" is the total number of shares the company has created and ever sold, while "outstanding" is the number of those shares currently held by outside investors (issued shares minus any the company holds in its treasury). Investors use outstanding shares to calculate ownership percentages, voting power, earnings per share and market capitalization — think of issued shares as all slices baked and outstanding as the slices actually on the table for people to eat.

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

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CHANGZHOU, China, Nov. 3, 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 August 6, 2026, its board of directors approved a reverse split of its ordinary shares on a one-for-three basis (the "Reverse Share Split"). The Company's ordinary shares will begin trading on a post-split basis on November 5, 2026.

As a result of the Reverse Share Split, every three (3) 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 5,305,950 to approximately 1,768,650. The Company's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "EZGO," under a new CUSIP number – G5279F128. 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 3 for 1 Reverse Split shall receive a full ordinary share.

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-3-reverse-share-split-effective-november-5-2026-302927608.html

SOURCE EZGO Technologies Ltd.

FAQ

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

When does EZGO's reverse share split take effect, and what is the ratio?

EZGO shares will begin trading on a post-split basis on November 5, 2026, following a one-for-three reverse split. Every three issued ordinary shares will automatically be combined into one issued ordinary share.

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

The share combination is automatic, with no shareholder action required. Adjustments to shares represented by physical stock certificates can be made upon surrendering the certificate to VStock Transfer, the exchange agent. Certificate holders can contact VStock Transfer at (212) 828-8436 for further information.