EZGO (EZGO) enacts 1-for-25 reverse split and ups authorized stock

Rhea-AI Filing Summary

EZGO Technologies Ltd. (EZGO) has approved amendments to its constitutional documents to implement a 1‑for‑25 reverse share split of its ordinary shares. Every twenty‑five issued ordinary shares will be combined into one share, with fractional shares rounded to the nearest whole share, and the post‑split shares are expected to begin trading on Nasdaq on November 21, 2025.

After the reverse split, the number of issued and outstanding ordinary shares will decrease from 21,700,706 to approximately 868,029. At the same time, the company is changing its capital structure to authorize a total of 1,010,000,000 shares, divided into 1,000,000,000 ordinary shares and 10,000,000 preferred shares, each with no par value. EZGO also issued a press release announcing these changes.

Positive

• None.

Negative

• Significant increase in authorized share capital to 1,010,000,000 shares (1,000,000,000 ordinary and 10,000,000 preferred) creates substantial capacity for future equity issuance that could dilute existing holders if utilized.

Insights

Equity structure & corporate actions analyst

EZGO consolidates stock 1-for-25 while massively expanding authorized shares.

EZGO Technologies is executing a 1-for-25 reverse share split, cutting issued and outstanding ordinary shares from 21,700,706 to about 868,029. Reverse splits often aim to increase the trading price per share by reducing the share count, which can help maintain exchange listing where minimum price rules apply, though the filing does not state a specific reason.

Alongside this, the company is revising its capital structure to authorize 1,010,000,000 shares: 1,000,000,000 ordinary and 10,000,000 preferred, each with no par value. This authorization level is far above current issued shares and creates substantial capacity for future equity or preferred issuances if the company chooses to use it.

The ordinary shares are scheduled to trade on a post‑split basis on November 21, 2025. Subsequent company communications and filings will be key to see whether and how this expanded authorization is used, for example in capital raises, strategic transactions, or other corporate purposes.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2025

Commission File Number: 001-39833

EZGO Technologies Ltd.

(Translation of registrant’s name into English)

Building #A, Floor 2, Changzhou Institute of Dalian University of Technology,

Science and Education Town,

Wujin District, Changzhou City

Jiangsu, China 213164

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒         Form 40-F ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

On November 7, 2025, the board of directors of EZGO Technologies Ltd., a British Virgin Islands business company (the “Company”), approved certain amendments to the Company’s Amended and Restated Memorandum and Articles of Association (the “Amended M&A”), which were filed sequentially with the BVI Registrar. The amendments provide for: (i) a reverse share split of the Company’s ordinary shares at a ratio of 1-for-25 (the “Reverse Share Split”), such that every twenty-five (25) issued ordinary shares are combined into one (1) issued ordinary share, with fractional shares rounded to the nearest whole share; and, following the Reverse Share Split, (ii) a reduction in the par value of the Ordinary Shares together with an increase in the number of shares the Company is authorized to issue to 1,010,000,000 shares divided into 1,000,000,000 ordinary shares of no par value each and 10,000,000 preferred shares of no par value each. The Company’s ordinary shares will begin trading on a post-split basis on the Nasdaq Stock Market on November 21, 2025. Following the Reverse Share Split, the number of issued and outstanding ordinary shares will be reduced from 21,700,706 to approximately 868,029. A copy of the Company’s final Amended M&A is attached hereto as Exhibit 3.1.

On November 19, 2025, the Company issued a press release announcing the Reverse Share Split. A copy of the press release is attached hereto as Exhibit 99.1.

EXHIBIT INDEX

Exhibit No.		Description
3.1		Amended and Restated Memorandum and Articles of Association
99.1		Press Release

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	EZGO Technologies Ltd.
	By:	/s/ Jianhui Ye
	Name:	Jianhui Ye
	Title:	Chief Executive Officer

Date: November 19, 2025

2

FAQ

What corporate action did EZGO Technologies (EZGO) announce in this 6-K?

EZGO Technologies announced that its board approved amendments to its Amended and Restated Memorandum and Articles of Association to implement a 1-for-25 reverse share split of its ordinary shares and to change its authorized share capital structure.

What is the ratio and effect of EZGO Technologies' reverse share split?

The reverse share split is at a 1-for-25 ratio, meaning every twenty‑five issued ordinary shares are combined into one issued ordinary share, with fractional shares rounded to the nearest whole share. This will reduce the number of issued and outstanding ordinary shares from 21,700,706 to approximately 868,029.

When will EZGO Technologies' shares begin trading on a post-split basis?

EZGO Technologies states that its ordinary shares will begin trading on a post‑split basis on the Nasdaq Stock Market on November 21, 2025.

How is EZGO Technologies changing its authorized share capital?

After the reverse split, EZGO Technologies is setting its authorized share capital at 1,010,000,000 shares, divided into 1,000,000,000 ordinary shares of no par value each and 10,000,000 preferred shares of no par value each.

Does the EZGO reverse share split affect the par value of the shares?

Yes. Following the reverse share split, the amendments provide for a reduction in the par value of the ordinary shares, and the ordinary and preferred shares will be of no par value under the revised capital structure.

Did EZGO Technologies issue any public communication about the reverse split?

Yes. EZGO Technologies issued a press release on November 19, 2025 announcing the reverse share split, which is attached to the report as Exhibit 99.1.

Where can investors find the full details of EZGO Technologies' amended corporate documents?

The final Amended and Restated Memorandum and Articles of Association reflecting these changes are attached as Exhibit 3.1 to the report.