Kaixin Holdings Announces Share Consolidation

Kaixin Holdings (NASDAQ: KXIN) will effect a 1-for-15 share consolidation of its ordinary shares, effective March 13, 2026, producing a post-consolidation par value of $20.25 per share.

Rhea-AI Summary

Kaixin Holdings (NASDAQ: KXIN) will effect a 1-for-15 share consolidation of its ordinary shares, effective March 13, 2026, producing a post-consolidation par value of $20.25 per share.

Class A shares will trade on Nasdaq under KXIN with new CUSIP G5223X175; warrants and equity rights will be proportionately adjusted. Fractional shares will be rounded up to one share. Transfer agent Transhare Corporation will provide certificate-exchange instructions; brokerage-held shares require no shareholder action.

Positive

• 1-for-15 share consolidation effective March 13, 2026
• KXIN remains listed on The Nasdaq Capital Market under the same trading symbol
• Brokerage and street-name holders need no action to implement the consolidation

Negative

• Fractional shares will be rounded up to one share, potentially slightly increasing total outstanding shares
• New CUSIP G5223X175 requires record updates for stakeholders and custodians

Argus Mar 11 session

-0.26% close to close Open Argus

Details

News Market Reaction – KXIN

In the Mar 11 session, KXIN declined 0.26%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement implements a 1-for-15 share consolidation, lifting par value from $1.35 to $20.25 ...

Analysis

This announcement implements a 1-for-15 share consolidation, lifting par value from $1.35 to $20.25 per ordinary share and adjusting warrants and other equity rights proportionately. It follows earlier shareholder approvals for broad consolidation authority and a prior 1-for-30 split. Investors may track how this fits with Kaixin’s active but unused Form F-3 shelf and ongoing strategic shifts toward AI and digital assets when evaluating future capital moves.

Key Figures

Share consolidation ratio: 1-for-15 Pre-consolidation par value: $1.35 Post-consolidation par value: $20.25 +5 more

Share consolidation ratio

1-for-15

Ordinary share consolidation effective March 13, 2026

Pre-consolidation par value

$1.35

Par value per ordinary share before March 13, 2026 consolidation

Post-consolidation par value

$20.25

Par value per ordinary share after 1-for-15 consolidation

F-3 shelf size

US$296,000,000

Maximum securities offered under 2025 Form F-3 shelf registration

Registered resale shares

43,415,633 Class A shares

Class A ordinary shares registered for resale by selling securityholders in F-3

Outstanding ordinary shares

24,806,448 shares

Total ordinary shares reported on 2026-01-09 Form 6-K

Outstanding Class A shares

22,636,447 shares

Class A ordinary shares outstanding on 2026-01-09 Form 6-K

Outstanding Class B shares

2,170,001 shares

Class B ordinary shares outstanding on 2026-01-09 Form 6-K

Historical Context

5 past events · Latest: Feb 23

5 events

1. Feb 23

   AGM results

   24h Move

   -2.9%

   2026 AGM approved broad authority for future share consolidations and capital changes.

2. Nov 25

   Share consolidation

   24h Move

   -30.8%

   Announcement of 1-for-30 share consolidation effective December 1, 2025.

3. Oct 28

   AI acquisition plan

   24h Move

   -2.4%

   Term sheet to acquire 51% of Honglu Technology for AI + animation strategy.

4. Oct 06

   Digital asset strategy

   24h Move

   +1.7%

   Creation of Digital Asset Management Department to allocate into Bitcoin and Ethereum.

5. Sep 16

   AGM approvals

   24h Move

   -2.5%

   AGM authorized share consolidation and AI-driven tech transformation initiatives.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share consolidation, par value, cusip, warrants

4 terms

share consolidation financial

"announced that it will effect a share consolidation of its ordinary shares"

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.

par value financial

"ordinary shares, par value $1.35 each, at a ratio of 1-for-15"

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.

cusip financial

"under the symbol “KXIN” with the new CUSIP number G5223X175"

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

warrants financial

"Outstanding warrants and other outstanding equity rights will be proportionately adjusted"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

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BEIJING, March 11, 2026 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announced that it will effect a share consolidation of its ordinary shares, par value $1.35 each, at a ratio of 1-for-15, with a post-share consolidation par value $20.25 each, effective on March 13, 2026 (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 March 13, 2026. Upon the market opening on March 13, 2026, 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 G5223X175.

As a result of the Share Consolidation, every fifteen (15) 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 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

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

What is the Kaixin Holdings (KXIN) share consolidation ratio and effective date?

The consolidation is a 1-for-15 share consolidation effective March 13, 2026. According to the company, every fifteen pre-consolidation ordinary shares will be automatically converted into one post-consolidation ordinary share.

Will Kaixin Holdings (KXIN) shares still trade on Nasdaq after the consolidation?

Yes, Kaixin’s class A ordinary shares will continue trading on Nasdaq under the symbol KXIN. According to the company, trading will occur on a post-consolidation basis at market open on March 13, 2026 with a new CUSIP.

How will fractional shares be handled in the KXIN 1-for-15 consolidation?

Fractional shares will not be issued; they will be rounded up to one whole share. According to the company, any shareholder otherwise entitled to a fractional share will receive one full ordinary share instead.

Do Kaixin shareholders holding shares in brokerage accounts need to take action for the consolidation?

No action is required for shares held in brokerage or street-name accounts. According to the company, the transfer/exchange process is handled by the transfer agent and will be automatic for brokerage-held shares.

What happens to Kaixin Holdings warrants and other equity rights after the consolidation?

Outstanding warrants and equity rights will be adjusted proportionately to reflect the consolidation. According to the company, exercise prices and share counts will be modified on a pro rata basis to match the 1-for-15 consolidation.