Kandi Technologies Announces a 1-for-10 Reverse Stock Split

The split will leave shareholders’ percentage interests unchanged, except for adjustments from fractional-share treatment.

Rhea-AI Summary

Kandi Technologies Group (KNDI) expects to implement a 1-for-10 reverse stock split effective at market open on October 16, 2026.

Every 10 ordinary shares will be consolidated into one, with split-adjusted trading beginning that day on the Nasdaq Global Select Market under the unchanged KNDI symbol. Before the split takes effect, the company has 103,002,499 ordinary shares issued and outstanding, including 2,077,134 shares repurchased in 2024. The board of directors approved the reverse split.

News Explained

The 1-for-10 split is still expected to take effect on October 16, 2026; percentage ownership is expected to remain unchanged except for possible adjustments when fractional shares are rounded up to whole shares at the participant level.

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Market Reaction – KNDI

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$0.48 – $0.58 Day Range

$53.22M Market Cap

On Oct 13, the day this news came out, the latest delayed price for KNDI is 2.32% below the previous close. Argus tracked a trough of -4.1% from its starting point during tracking. Our momentum scanner has recorded 5 alerts for this stock so far that day. The latest delayed price is $0.53.

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Key Figures

Reverse split ratio: 1-for-10 Effective date: October 16, 2026 Pre-split shares outstanding: 103,002,499 ordinary shares

Reverse split ratio

1-for-10

Each 10 ordinary shares will be consolidated into one

Effective date

October 16, 2026

Effective at market open

Pre-split shares outstanding

103,002,499 ordinary shares

Before the reverse split takes effect

Key Terms

reverse stock split, cusip, par value

3 terms

reverse stock split financial

"expects to implement a 1-for-10 reverse stock split"

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.

cusip technical

"The new CUSIP number for the Ordinary Shares"

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

par value financial

"have a par value of $0.001 per share prior to the Reverse Stock Split"

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.

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Jinhua, China, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, announced that it expects to implement a 1-for-10 reverse stock split, or consolidation of its ordinary shares, par value of $0.001 per share (the “Ordinary Shares”), effective at the opening of market on Friday, October 16, 2026 (the “Reverse Stock Split”). Trading of the Company’s Ordinary Shares will begin on a split-adjusted basis at the market open on that date. Prior to the effectiveness of the Reverse Stock Split, the Company has 103,002,499 Ordinary Shares issued and outstanding, which includes 2,077,134 shares the Company repurchased in the year of 2024. Trading in the Ordinary Shares on a split-adjusted basis will continue on the Nasdaq Global Select Market under the symbol “KNDI.” The new CUSIP number for the Ordinary Shares following the Reverse Stock Split is G5214E111.

Upon effectiveness of the Reverse Stock Split, every 10 Ordinary Shares of the Company will be consolidated into one Ordinary Share. The Company’s Ordinary Shares have a par value of $0.001 per share prior to the Reverse Stock Split and will have a par value of $0.01 per share following the Reverse Stock Split. Fractional shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share at a participant level. The Reverse Stock Split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding Ordinary Shares, except for adjustments that may result from the treatment of fractional shares. The Reserves Stock Split was approved by the Company’s board of directors.

Safe Harbor Statement

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is a global innovator in intelligent equipment and a technology-driven platform company. It leverages technological innovation, a global supply chain, and advanced manufacturing to transform industries and expand real-world applications, bringing technology closer to people’s everyday lives. Guided by a “one core, two growth engines” framework, the Company anchors its business in all-domain intelligent vehicles, with battery swapping equipment and intelligent robotics as two growth pillars. Driven by its mission to bring joy to daily life, Kandi Technologies Group Inc. fosters shared success and sustainable, long-term growth through open collaboration and mutually beneficial partnerships, creating enduring industrial and societal value while building a globally respected brand.

For more information, please visit ir.kandigroup.com. The Company provides important updates on its website.

For investor and media inquiries, please contact:

Kandi Technologies Group, Inc.
Kewa Luo
Tel: +1 (212) 551-3610
Email: IR@kandigroup.com

Piacente Financial Communications
Brandi Piacente
Tel: +86-10-6508-0677
Email: Kandi@thepiacentegroup.com

FAQ

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

When is Kandi Technologies’ reverse stock split expected to take effect, and what is the ratio?

Kandi expects its 1-for-10 reverse stock split to take effect at market open on October 16, 2026. Every 10 ordinary shares will become one ordinary share, and split-adjusted trading will begin that day under the KNDI symbol.

How will Kandi Technologies handle fractional shares in its reverse stock split?

Fractional shares will be rounded up to the nearest whole share at a participant level. The split affects all shareholders uniformly and will not change their percentage interests in outstanding ordinary shares, except for adjustments resulting from fractional-share treatment.