Kaixin Holdings Announces 2026 Annual General Meeting Results

Rhea-AI Summary

Kaixin Holdings (NASDAQ: KXIN) announced that all resolutions at its February 21, 2026 annual general meeting were duly passed. The board was authorized to set ratios within the Approved Consolidation Ratio to implement one or multiple share consolidations within five years.

The board is also authorized to conduct a share sub-division and a re-denomination and amend the articles at a date determined by the board. The full resolutions were filed on Form 6-K and are available on the company website.

Positive

• Board authorized to implement share consolidation within Approved Consolidation Ratio
• Authorization window of five years to implement share consolidation
• Board authorized to execute share sub-division and re-denomination and amend articles

Negative

• Capital structure changes could create shareholder uncertainty until actions are finalized
• Authorizations allow future potential dilution or concentration depending on corporate actions

Key Figures

AGM date: February 21, 2026 Form 6-K filing date: February 5, 2026 Board authority term: five years

3 metrics

AGM date February 21, 2026 Date of 2026 Annual General Meeting

Form 6-K filing date February 5, 2026 Notice of AGM filed with SEC on Form 6-K

Board authority term five years Period during which board may implement share consolidations

Market Reality Check

Price: $0.6120 Vol: Volume 286,067 is well be...

low vol

$0.6120 Last Close

Volume Volume 286,067 is well below 20-day average 3,521,855 (relative volume 0.08). low

Technical Price at 0.5516, trading well below the 200-day moving average of 19.31, indicating a depressed longer-term trend.

Peers on Argus

KXIN was down 8.22% while peers moved in mixed directions: GORV -34.2%, UCAR +9....

KXIN was down 8.22% while peers moved in mixed directions: GORV -34.2%, UCAR +9.35%, AZI -3.87%, JZXN -1.35%, RMBL +38.96%. This points to stock-specific factors rather than a unified sector move.

Historical Context

5 past events · Latest: Nov 25 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 25	Share consolidation	Negative	-3.6%	Implementation of a 1-for-30 share consolidation of ordinary shares.
Oct 28	AI acquisition plan	Positive	-2.4%	Term sheet to acquire 51% of Honglu Technology via new share issuance.
Oct 06	Digital asset strategy	Positive	+1.7%	Creation of Digital Asset Management Department for crypto allocation strategy.
Sep 16	AGM approvals	Neutral	+7.1%	AGM approval authorizing share consolidation and related articles amendments.
Sep 10	AI education deal	Positive	+27.4%	Planned 55% acquisition of XINGCAN to launch AI education business.

Pattern Detected

Recent strategic and capital structure announcements often saw price moves that aligned with the perceived tone, with one notable divergence on an AI acquisition update.

Recent Company History

Over the last six months, Kaixin has combined strategic pivots with major capital structure actions. A 1-for-30 share consolidation effective December 1, 2025 followed shareholder approval at the September 13, 2025 AGM, which also authorized further consolidation flexibility. Concurrently, Kaixin pursued AI-driven growth via the planned 55% XINGCAN acquisition and a 51% Honglu stake, plus a digital asset management initiative. Today’s AGM result, again approving broad authority for consolidations, sub-divisions and redenomination, extends this capital restructuring trajectory.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-12-15

Kaixin has an active Form F-3 shelf that was amended on December 15, 2025 via an exhibit-only F-3/A filing to add an indenture form. The amendment states the original prospectus remains unchanged, the shelf is not yet effective, and no usage has been recorded (usage count 0).

Market Pulse Summary

This announcement confirms that all resolutions at the February 21, 2026 AGM were approved, giving t...

Analysis

This announcement confirms that all resolutions at the February 21, 2026 AGM were approved, giving the board broad authority over future share consolidations, sub-divisions, and redenomination for up to five years. In the past, Kaixin paired such capital structure moves with strategic pivots in AI and digital assets. Investors may track subsequent board actions under this mandate and any use of the existing F-3 shelf registration to gauge the impact on ownership structure and dilution risk.

Key Terms

form 6-k, securities and exchange commission, share consolidation, share sub-division, +4 more

8 terms

form 6-k regulatory

"was filed with the Securities and Exchange Commission (the “SEC”) on Form 6-K"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

securities and exchange commission regulatory

"notice of the Annual General Meeting, which was filed with the Securities and Exchange Commission"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

share consolidation financial

"to implement one or multiple Share Consolidation(s) and make the Articles Amendment"

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.

share sub-division financial

"authorized to conduct the Share Sub-Division and the Re-denomination and make the Amendment"

A share sub-division (often called a stock split) is when a company increases the number of its outstanding shares by dividing each existing share into multiple smaller ones, lowering the price per share while keeping the total value of an investor’s holdings the same. Think of cutting a pizza into more slices: you have more pieces but the pizza is unchanged. It matters because lower per-share prices can make trading easier, boost liquidity and investor demand, and change metrics like shares outstanding used in valuations.

re-denomination financial

"authorized to conduct the Share Sub-Division and the Re-denomination and make the Amendment"

Re-denomination is the act of changing the unit used to measure a financial instrument—either switching the currency in which prices are quoted or altering the nominal face value of shares—without changing the owner’s actual economic stake. Think of it as relabeling the units on a measuring tape: the length stays the same but the numbers look different, which can affect price appearance, trading ease, tax treatment and investor perception.

forward-looking statements regulatory

"This announcement may contain forward-looking statements. These statements are made under the "safe harbor""

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

safe harbor regulatory

"These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation"

Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

u.s. private securities litigation reform act of 1995 regulatory

"under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995."

A federal law that changed the rules for suing companies over securities claims by making it harder to bring class-action lawsuits and by protecting certain forward-looking statements. Think of it as a rulebook that raises the bar for plaintiffs to show clear evidence of wrongdoing and gives companies limited shelter for predictions, which matters to investors because it can reduce litigation risk, legal costs, and volatility tied to lawsuit headlines.

AI-generated analysis. Not financial advice.

BEIJING, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its annual general meeting held on February 21, 2026 (the “Annual General Meeting”) were duly passed.

The full text of each resolution was included in the notice of the Annual General Meeting, which was filed with the Securities and Exchange Commission (the “SEC”) on Form 6-K on February 5, 2026. The full text of the Form 6-K containing the resolutions is also available on the Company’s website, ir.kaixin.com. Capitalized terms not otherwise defined in this announcement shall have the meanings assigned to them in the Company’s notice of the Annual General Meeting dated February 5, 2026.

The Board of Directors of the Company is authorized to set a ratio within the Approved Consolidation Ratio to implement one or multiple Share Consolidation(s) and make the Articles Amendment of the Company accordingly within a period of five years after the shareholders’ passage of the resolutions. In addition, the Board of Directors of the Company is authorized to conduct the Share Sub-Division and the Re-denomination and make the Amendment of Articles of the Company accordingly at a date to be determined by the Board of Directors.

About Kaixin Holdings

Kaixin Holdings is a Cayman Islands holding corporation with operating businesses in the automotive industry in China.

Safe Harbor Statement

This announcement may contain forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" or other similar expressions. Statements that are not historical facts, including statements about Kaixin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and strategies; our future business development, financial condition and results of operations; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with auto dealerships; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our other documents filed with the SEC. All information provided in this announcement and in the attachments is as of the date of this announcement, and Kaixin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

Kaixin Holdings
Investor Relations
Email: ir@kaixin.com

FAQ

What resolutions did Kaixin Holdings (KXIN) pass at the February 21, 2026 AGM?

All resolutions presented at the February 21, 2026 AGM were duly passed by shareholders. According to the company, the approvals include authorization for share consolidation, sub-division, re-denomination and corresponding amendments to the company's articles.

What does the board authorization to implement share consolidation mean for KXIN shareholders?

The board may combine shares within the Approved Consolidation Ratio, potentially reducing share count. According to the company, this authorization gives the board up to five years to set ratios and implement one or multiple consolidations.

When can Kaixin (KXIN) carry out the approved share sub-division and re-denomination?

The timing is at the board's discretion and not yet set. According to the company, the board is authorized to conduct the share sub-division and re-denomination and amend the articles at a date to be determined.

Where can investors find the full text of the KXIN AGM resolutions filed on February 5, 2026?

The full resolutions filed on Form 6-K are available on the company's investor website. According to the company, the Form 6-K containing the resolutions can be accessed at ir.kaixin.com.

How long does the Kaixin board have to implement the approved share consolidation for KXIN?

The board has up to five years to implement the share consolidation after shareholder approval. According to the company, the authorization permits setting ratios within the Approved Consolidation Ratio during that five-year period.