Greenland Technologies Holding Corporation Announces Effective Date of Dual-Class Share Structure

Rhea-AI Summary

Greenland Technologies (Nasdaq: GTEC) said its dual-class share structure becomes effective on February 24, 2026 on the Nasdaq Capital Market. The company amended and restated its memorandum and articles of association and re-designated ordinary shares into Class A (1 vote) and Class B (25 votes).

The company expects Class A Ordinary Shares to continue trading under the symbol GTEC with the same CUSIP G4095T107 beginning at the opening of trading on February 24, 2026.

Positive

• Class B shares carry 25 votes per share
• Ticker and CUSIP unchanged — GTEC / G4095T107

Negative

• Voting power concentrated via dual-class structure
• Potential governance concerns for public investors

Key Figures

Effective date: February 24, 2026 Class A voting power: 1 vote per share Class B voting power: 25 votes per share +5 more

8 metrics

Effective date February 24, 2026 Dual-class share structure effective on Nasdaq Capital Market

Class A voting power 1 vote per share Class A ordinary shares of no par value

Class B voting power 25 votes per share Class B ordinary shares of no par value

Current price $0.8422 Pre-news price context

52-week high $2.58 Pre-news trading range high

52-week low $0.5811 Pre-news trading range low

Market cap $20,005,025 Pre-news equity value

200-day MA $1.41 Longer-term trend reference

Market Reality Check

Price: $0.8422 Vol: Volume 73,935 vs 20-day a...

low vol

$0.8422 Last Close

Volume Volume 73,935 vs 20-day average 474,918 (relative volume 0.16), indicating subdued trading ahead of this governance change. low

Technical Price 0.8422 is trading below the 200-day MA at 1.41, reflecting a weaker longer-term trend.

Peers on Argus

GTEC showed a -5.37% move with light volume, while only one peer (PRTS) appeared...

1 Up

GTEC showed a -5.37% move with light volume, while only one peer (PRTS) appeared in the momentum scanner, moving up. Other auto-parts peers show mixed, modest moves, suggesting this governance-focused news is more stock-specific than sector-driven.

Historical Context

2 past events · Latest: Jan 29 (Negative)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Jan 29	Equity offering closing	Negative	-1.3%	Closed underwritten public offering of 5,083,330 units at $1.20 per unit.
Jan 28	Equity offering pricing	Negative	-18.5%	Priced 5,083,330 units at $1.20 per unit for gross proceeds of about $6.1M.

Pattern Detected

Recent equity offerings in late January 2026 both saw negative 24-hour price reactions, indicating the stock has tended to trade lower around capital-raising events.

Recent Company History

Over the past months, Greenland Technologies has focused on capital raising and corporate governance changes. On Jan 28–29, 2026, it priced and closed an underwritten public offering of 5,083,330 units at $1.20, for roughly $6.1M in gross proceeds, followed by an 8-K detailing shareholder approval of new memorandum and articles, share reclassification, and other proposals. Today’s announcement that a dual-class share structure becomes effective on Feb 24, 2026 follows directly from those previously approved governance changes.

Market Pulse Summary

This announcement finalizes a governance shift as Greenland’s dual-class share structure becomes eff...

Analysis

This announcement finalizes a governance shift as Greenland’s dual-class share structure becomes effective on Feb 24, 2026, creating Class A shares with one vote and Class B shares with 25 votes. It follows recent shareholder approval of new memorandum and articles and share reclassification. Investors may track how this altered voting control interacts with the company’s history of capital raising, operational risks highlighted in prior SEC filings, and the stock’s position below its 200-day MA.

Key Terms

dual-class share structure, class A ordinary shares, class B ordinary shares, cusip, +1 more

5 terms

dual-class share structure financial

"announced that its dual-class share structure will become effective"

A dual-class share structure is when a company issues two (or more) types of stock that give different voting power: one class typicaly gives founders or insiders more votes per share while the other class, sold to public investors, has little or no voting rights. For investors this matters because it concentrates control in a small group—like a family owning a house with most of the keys—so minority shareholders may have less influence over strategy, governance and risk, which can affect long-term value and accountability.

class A ordinary shares financial

"ordinary shares ... re-designated into class A ordinary shares of no par value"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class B ordinary shares financial

"and class B ordinary shares of no par value which will carry 25 votes"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

cusip financial

"under the same symbol "GTEC" and the same CUSIP number G4095T107"

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.

nasdaq capital market financial

"become effective on the Nasdaq Capital Market on February 24, 2026"

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.

AI-generated analysis. Not financial advice.

EAST WINDSOR, N.J., Feb. 23, 2026 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that its dual-class share structure will become effective on the Nasdaq Capital Market on February 24, 2026.

In connection with the implementation of its dual-class share structure, the Company amended and restated its memorandum and articles of association and the ordinary shares of no par value in the Company were re-designated into class A ordinary shares of no par value which will carry one vote each (the "Class A Ordinary Shares") and class B ordinary shares of no par value which will carry 25 votes per share.

The Company anticipates that beginning with the opening of trading on February 24, 2026, the Class A Ordinary Shares will trade on the Nasdaq Capital Market under the same symbol "GTEC" and the same CUSIP number G4095T107.

About Greenland Technologies Holding Corporation

Greenland Technologies Holding Corporation (Nasdaq: GTEC) is a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles. For more information, please visit the Company's website at https://ir.gtec-tech.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except to the extent 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 quarterly report on Form 10-Q, filed with the SEC on November 7, 2025, and other filings with the U.S. Securities and Exchange Commission.

View original content to download multimedia:https://www.prnewswire.com/news-releases/greenland-technologies-holding-corporation-announces-effective-date-of-dual-class-share-structure-302694243.html

SOURCE Greenland Technologies Holding Corporation

FAQ

When does Greenland Technologies (GTEC) dual-class structure become effective?

It becomes effective on February 24, 2026 at market open. According to the company, the dual-class share structure will be implemented on the Nasdaq Capital Market beginning with trading on that date.

What voting rights do Greenland Technologies (GTEC) Class A and Class B shares have?

Class A Ordinary Shares carry one vote each; Class B carry 25 votes each. According to the company, ordinary shares were re-designated into Class A and Class B with those respective voting rights.

Will Greenland Technologies (GTEC) ticker or CUSIP change after the re-designation?

No, the ticker and CUSIP remain the same: GTEC and G4095T107. According to the company, Class A Ordinary Shares will trade under the same symbol and CUSIP beginning February 24, 2026.

How will the dual-class structure affect minority shareholders of GTEC?

The structure increases control by higher-vote shares and may reduce minority influence. According to the company, Class B shares carry 25 votes, concentrating voting power among holders of that class.

Did Greenland Technologies (GTEC) amend its governing documents to enable the share re-designation?

Yes, the company amended and restated its memorandum and articles of association. According to the company, those amendments facilitated re-designation of ordinary shares into Class A and Class B.