Kaixin Holdings Announces Share Consolidation

Rhea-AI Summary

Kaixin Holdings (NASDAQ: KXIN) will effect a 1-for-30 share consolidation of its ordinary shares, effective December 1, 2025. Post-consolidation par value will be $1.35 per share and class A ordinary shares are expected to begin trading on a post-consolidation basis at market open on December 1, 2025 under the symbol KXIN with new CUSIP G5223X167.

Outstanding warrants and equity rights will be proportionately adjusted. No fractional shares will be issued; eligible fractional entitlements will be rounded up to one whole share. Transhare Corporation will act as transfer and exchange agent and will send instructions to holders of physical certificates; shareholders holding shares in brokerage "street name" need not take action.

Positive

• Share consolidation ratio: 1-for-30
• New post-consolidation par value: $1.35
• Trading resumes post-consolidation under KXIN with new CUSIP G5223X167
• Fractional shares rounded up to one whole share, avoiding cash-outs

Negative

• Share count reduced by ~96.67% per outstanding share (1-for-30 consolidation)
• Potential liquidity reduction from lower outstanding share count after consolidation

Insights

Corporate Actions Analyst

Kaixin implements a 1-for-30 share consolidation effective December 1, 2025.

Kaixin Holdings will consolidate ordinary shares at a 1-for-30 ratio, changing par value from $0.045 to $1.35 and continuing to trade under symbol KXIN with a new CUSIP at market open on December 1, 2025.

The mechanics leave warrants and equity rights proportionately adjusted and round fractional shares up to one full share, and the transfer agent will direct record holders on certificate exchange while broker-held shares require no action.

Watch the immediate post-consolidation share count and any disclosed reason for the consolidation over the next few trading sessions; operational effects should be visible within one week of the December 1, 2025 effective date.

Capital Structure Strategist

The consolidation alters share arithmetic and per-share metrics but offers no revenue or expense details.

The action reduces outstanding share count by a 30x factor and raises per-share nominal par value, which changes per-share metrics without changing aggregate equity; warrants and similar instruments adjust proportionally.

Key dependencies and risks include how rounding of fractional shares (rounded up) affects remaining float and any subsequent corporate disclosures explaining motive; monitor filings or statements in the 7–30 day window after December 1, 2025 for clarifying information.

BEIJING, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announced that it will effect a share consolidation of its ordinary shares, par value $0.045 each, at a ratio of 1-for-30, with a post-share consolidation par value $1.35 each, effective on December 1, 2025 (the “Share Consolidation”). The Company’s class A ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on December 1, 2025. Upon the market opening on December 1, 2025, the Company’s class A ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol “KXIN” with the new CUSIP number G5223X167.

As a result of the Share Consolidation, every thirty (30) shares of the Company’s ordinary shares will be automatically consolidated into one (1) ordinary share. Outstanding warrants and other outstanding equity rights will be proportionately adjusted to reflect the Share Consolidation. No fractional shares will be issued in connection with the Share Consolidation, and in the event that a shareholder would otherwise be entitled to receive a fractional share upon the Share Consolidation, the number of shares to be received by such shareholder will be rounded up to one ordinary share in lieu of the fractional share that would have resulted from the Share Consolidation.

The Company’s transfer agent, Transhare Corporation, which is also acting as the exchange agent for the Share Consolidation, will send instructions to shareholders of record who hold stock certificates regarding the exchange of their old certificates for new certificates, should they wish to do so. Shareholders who hold their shares in brokerage accounts or “street name” are not required to take action to implement the exchange of their shares.

About Kaixin Holdings

Kaixin Holdings is committed to transitioning into an AI-driven tech business located in China. The Company strives to leverage AI technologies to develop competitive applications and platforms for both domestic and international markets. Through the series of contemplated acquisitions, Kaixin enhances its AI application capability and aims to expand its AI capacity into new areas to create more growth opportunities.

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 does the Kaixin (KXIN) 1-for-30 share consolidation mean for shareholders?

Every thirty (30) existing ordinary shares will be consolidated into one (1) post-consolidation share, reducing outstanding share count and increasing par value to $1.35 effective December 1, 2025.

Will KXIN continue trading after the December 1, 2025 consolidation?

Yes. Class A ordinary shares are expected to begin trading on a post-consolidation basis at market open on December 1, 2025 under the symbol KXIN with new CUSIP G5223X167.

Do KXIN shareholders need to take action for the share consolidation?

Shareholders holding shares in brokerage accounts or in "street name" do not need to take any action; holders of physical certificates will receive exchange instructions from Transhare Corporation.

How will warrants and other equity rights be affected by the KXIN consolidation?

Outstanding warrants and other equity rights will be proportionately adjusted to reflect the 1-for-30 share consolidation.

What happens to fractional shares after Kaixin's 1-for-30 consolidation?

No fractional shares will be issued; any fractional entitlement that would result will be rounded up to one ordinary share.