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1-for-30 reverse split to support Nasdaq bid price at Huachen AI (NASDAQ: HCAI)

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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Huachen AI Parking Management Technology Holding Co., Ltd is executing a 1-for-30 reverse stock split of its Class A and Class B ordinary shares. This will reduce outstanding Class A shares from approximately 18,897,500 to about 629,167 and Class B shares from about 16,000,000 to around 533,333.

The reverse split, effective at the open of business on April 13, 2026, is intended to increase the trading price of the Class A shares to help maintain compliance with Nasdaq’s minimum bid price requirement. Shareholders’ percentage ownership will remain essentially unchanged, with fractional entitlements rounded up to a full share.

Following the transaction, the par value of both classes will become US$0.0000375 per share and authorized ordinary shares will total 2,083,333,334, split between 1,666,666,667 Class A and 416,666,667 Class B shares. The Class A shares will continue to trade on Nasdaq under the symbol “HCAI” with a new CUSIP G4645R122.

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Insights

Huachen AI enacts a 1-for-30 reverse split to support Nasdaq bid-price compliance without changing ownership stakes.

Huachen AI Parking Management Technology Holding Co., Ltd approved a 1-for-30 reverse stock split for both Class A and Class B ordinary shares, cutting the outstanding share counts to roughly 629,167 and 533,333 respectively. The split mainly reshapes share price and count, not the company’s underlying operations.

The stated goal is to raise the per-share trading price to assist with Nasdaq’s minimum bid price requirement, a common tactic for companies facing listing pressure. Because each shareholder’s stake is proportionally adjusted and fractional shares are rounded up, economic ownership remains largely the same aside from minor rounding effects.

Authorized ordinary shares will be 2,083,333,334 after the change, with par value set at US$0.0000375 per share. The Class A shares will keep the ticker “HCAI” and start trading on a split-adjusted basis with CUSIP G4645R122 on April 13, 2026. Future disclosures in company filings may provide more context on how the split interacts with Nasdaq’s bid-price compliance over time.

Reverse split ratio 1-for-30 Class A and Class B ordinary shares
Class A shares outstanding after split approximately 629,167 shares Post 1-for-30 reverse split
Class B shares outstanding after split approximately 533,333 shares Post 1-for-30 reverse split
Class A shares outstanding before split approximately 18,897,500 shares Pre-split share count
Class B shares outstanding before split approximately 16,000,000 shares Pre-split share count
Authorized ordinary shares after split 2,083,333,334 shares 1,666,666,667 Class A; 416,666,667 Class B
Par value per share after split US$0.0000375 per share Both Class A and Class B shares
Effective trading date April 13, 2026 Nasdaq split-adjusted trading begins
Reverse Stock Split financial
"the Board of Directors has approved a share combination (the “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.
Nasdaq’s minimum bid price requirement regulatory
"intended to increase the per-share trading price ... to assist in maintaining compliance with Nasdaq’s minimum bid price requirement"
A Nasdaq minimum bid price requirement is a listing rule that a stock must trade above a set dollar level (commonly $1) for a sustained period to remain on the exchange; failure to meet the threshold can trigger warnings and possible removal. Investors care because falling below that floor can shrink a stock’s market visibility, reduce trading options and liquidity, and increase the risk that the company’s shares will be delisted, similar to a product being pulled from store shelves when it no longer meets basic sales standards.
extraordinary general meeting regulatory
"the Company’s extraordinary general meeting of shareholders held on December 7, 2025"
par value financial
"the par value of the Class A ordinary shares and Class B ordinary shares will be increased to $0.0000375 per share"
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.
forward-looking statements regulatory
"This press release contains forward-looking statements."
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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What reverse stock split did Huachen AI (HCAI) approve?

Huachen AI approved a 1-for-30 reverse stock split of its Class A and Class B ordinary shares. Every 30 existing shares will be combined into one new share, significantly reducing the share count while keeping each investor’s overall ownership percentage nearly unchanged.

When will Huachen AI’s 1-for-30 reverse split take effect?

The reverse stock split is expected to become effective at the open of business on April 13, 2026. From that date, Huachen AI’s Class A ordinary shares will trade on a split-adjusted basis on Nasdaq, reflecting the new, higher per-share price and reduced share count.

How does the HCAI reverse split change outstanding shares?

After the 1-for-30 reverse split, outstanding Class A ordinary shares will decrease from about 18,897,500 to roughly 629,167, and Class B shares will fall from about 16,000,000 to around 533,333. This mechanical change raises the share price but does not add new capital.

Why is Huachen AI conducting a reverse stock split?

Huachen AI states the reverse stock split is intended to increase the per-share trading price of its Class A ordinary shares to assist in maintaining compliance with Nasdaq’s minimum bid price requirement. This addresses listing standards without altering the company’s underlying business operations.

Will Huachen AI shareholders receive fractional shares after the split?

No, Huachen AI will not issue fractional shares in the reverse stock split. Any shareholder entitled to a fractional share after the 1-for-30 consolidation will instead receive one full post-split share, slightly adjusting holdings but keeping ownership percentages effectively the same overall.

Does the HCAI ticker or CUSIP change after the reverse split?

Huachen AI’s Nasdaq ticker will remain “HCAI” after the reverse split. However, the Class A ordinary shares will trade under a new CUSIP number, G4645R122, starting on the effective date of the reverse split, helping market participants identify the post-split securities.

 

 

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 April 2026

 

Commission File Number: 001-42505

 

Huachen AI Parking Management Technology Holding Co., Ltd

(Translation of registrant’s name into English)

 

No.1018 Haihe Road, Dushangang Town,

Pinghu City, Jiaxing, Zhejiang Province,

China, 314205

(Address of principal executive office)

 

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

 

Form 20-F Form 40-F

 

 

 

 

 

 

As previously disclosed in the Current Report on Form 6-K of Huachen AI Parking Management Technology Holding Co., Ltd (the “Company”) filed with the U.S. Securities and Exchange Commission on December 12, 2025,  at an extraordinary general meeting held on December 8, 2025 (the “Meeting”), the shareholders approved a reverse split of all of the Company’s authorized and issued Class A ordinary shares and Class B ordinary shares, at a ratio of not less than 1-for-2 and not more than 1-for-250, with the final ratio to be determined by the Board of Directors in its sole discretion at any time after approval by the shareholders, and authorize the Board of Directors to implement such reverse split at its discretion at any time prior to the one-year anniversary of the Meeting.

 

On March 24, 2026, the Board of Directors of the Company approved a reverse split of all of the Company’s authorized and issued Class A ordinary shares and Class B ordinary shares at a ratio of one-for-thirty (1-for-30) (the “Reverse Stock Split”).

 

The Reverse Stock Split will reduce the number of outstanding Class A ordinary shares of the Company from approximately 18,897,500 shares to approximately 629,167 shares and will reduce the number of outstanding Class B ordinary shares of the Company from approximately 16,000,000 shares to approximately 533,333 shares. Every thirty (30) outstanding Class A ordinary shares will be combined into and automatically become one post-Reverse Stock Split Class A ordinary share. Every thirty (30) outstanding Class B ordinary shares will be combined into and automatically become one post-Reverse Stock Split Class B ordinary share. No fractional shares will be issued in connection with the Reverse Stock Split. Instead, the Company will issue one full post-Reverse Stock Split Class A ordinary share or Class B ordinary share, as applicable, to any shareholder who would have been entitled to receive a fractional share as a result of the process. As a result of the Reverse Stock Split, the par value of the Class A ordinary shares and Class B ordinary shares will be increased to $0.0000375 per share and the number of authorized ordinary shares will be reduced to 2,083,333,334 ordinary shares, comprising of 1,666,666,667 Class A ordinary shares and 416,666,667 Class B ordinary shares.

 

Upon the opening of the market on April 13, 2026, the Company’s Class A ordinary shares will begin trading on the Nasdaq Capital Market (“Nasdaq”) on a post-Reverse Stock Split basis under the current symbol “HCAI”. The new CUSIP number following the Reverse Stock Split is G4645R122.

 

The Company believes that the Reverse Stock Split is in the best interest of the Company and its shareholders and is being undertaken for proper corporate purposes.

  

In connection with the Reverse Stock Split, the Company amended and restated its memorandum and articles of association to reflect the adjustment of the number of authorized ordinary shares and the par value. Attached to this report on Form 6-K (this “Report”) as Exhibit 1.1 is a copy of such amended and restated memorandum and articles of association.

 

Attached to this Report as Exhibit 99.1 is a copy of the press release dated April 8, 2026 titled “Huachen AI Parking Management Technology Holding Co., Ltd Announces 1-for-30 Reverse Stock Split Effective April 13, 2026”

 

Exhibit Index

 

Exhibit No.   Description
1.1   Amended and Restated Memorandum and Articles of Association
99.1   Huachen AI Parking Management Technology Holding Co., Ltd Announces 1-for-30 Reverse Stock Split Effective April 13, 2026

 

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.

 

Date: April 8, 2026 Huachen AI Parking Management Technology Holding Co., Ltd,
   
  By: /s/ Bin Lu
  Name: Bin Lu
  Title: Chief Executive Officer

 

 

2

 

 

Exhibit 99.1

 

Huachen AI Parking Management Technology Holding Co., Ltd Announces 1-for-30 Reverse Stock Split Effective April 13, 2026

 

Pinghu, China, April 8, 2026 (GLOBE NEWSWIRE) - Huachen AI Parking Management Technology Holding Co., Ltd. (NASDAQ: HCAI, “HCAI” or “the Company”), a China-based smart-parking and equipment-structural-parts provider, today announced that its Board of Directors has approved a share combination (the “Reverse Stock Split”) of its Class A and Class B ordinary shares at a ratio of 1-for-30. The Reverse Stock Split is expected to become effective at the open of business on April 13, 2026 (the “Effective Date”), subject to approval by the Nasdaq Stock Market LLC. The Company’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “HCAI.” The Reverse Stock Split is intended to increase the per-share trading price of the Company’s Class A ordinary shares to assist in maintaining compliance with Nasdaq’s minimum bid price requirement.

 

The implementation of this Reverse Stock Split follows the authorization granted at the Company’s extraordinary general meeting of shareholders held on December 7, 2025. At that meeting, shareholders approved an ordinary resolution to consolidate Class A and Class B ordinary shares at a ratio ranging from 1-for-2 to 1-for-250, granting the Board of Directors the sole discretion to determine the final ratio and timing within one year of the meeting. On March 24, 2026, the Board officially determined the 1-for-30 ratio.

 

Upon the effectiveness of the Reverse Stock Split, every thirty (30) Class A ordinary shares with a par value of US$0.00000125 each will be consolidated into one (1) Class A ordinary share with a par value of US$0.0000375. Simultaneously, every thirty (30) Class B ordinary shares with a par value of US$0.00000125 each will be consolidated into one (1) Class B ordinary share with a par value of US$0.0000375.

 

The Reverse Stock Split will reduce the number of outstanding Class A ordinary shares of the Company from approximately 18,897,500 shares to approximately 629,167 shares, and will reduce the number of outstanding Class B ordinary shares of the Company from approximately 16,000,000 shares to approximately 533,333 shares. Every thirty (30) outstanding Class A ordinary shares will be combined into and automatically become one post-Reverse Stock Split Class A ordinary share. Every thirty (30) outstanding Class B ordinary shares will be combined into and automatically become one post-Reverse Stock Split Class B ordinary share. No fractional shares will be issued in connection with the Reverse Stock Split. Instead, the Company will issue one full post-Reverse Stock Split Class A ordinary share or Class B ordinary share, as applicable, to any shareholder who would have been entitled to receive a fractional share as a result of the process. As a result of the Reverse Stock Split, the par value of the Class A ordinary shares and Class B ordinary shares will be increased to $0.0000375 per share and the number of authorized ordinary shares will be reduced to 2,083,333,334 ordinary shares, comprising of 1,666,666,667 Class A ordinary shares and 416,666,667 Class B ordinary shares.

 

To ensure a seamless transition for shareholders, any fractional shares resulting from the consolidation will be rounded up to the next whole share. The Reverse Split will affect all shareholders uniformly and will not alter any shareholder's percentage ownership interest in the Company, except for minimal changes that may result from the treatment of fractional shares. No action is required by shareholders holding their shares through a brokerage account.

 

Concurrently with the Reverse Stock Split, the Company amended its Memorandum of Association to proportionately reduce the number of authorized ordinary for issuance and change the par value of post-reverse stock split ordinary shares to US$0.0000375 per share.

 

In connection with the Reverse Stock Split, the Company’s Class A ordinary shares will begin trading under a new CUSIP number, G4645R122, starting on the Effective Date. The Company’s ticker symbol will remain “HCAI.”

 

 

 

 

About Huachen AI Parking Management Technology Holding Co., Ltd.

 

Huachen AI Parking Management Technology Holding Co., Ltd. is a China-based, one-stop provider of smart-parking systems and precision structural parts. Through our operating subsidiaries, we design, manufacture, install and service space-saving cubic parking garages—tailored to each client’s needs with technologies such as vertical lifting and multi-layer cycling—while also supplying custom steel components and railroad accessories to industrial customers nationwide.

 

Forward-Looking Statements

 

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the documents filed with the United States Securities and Exchange Commission (the "SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

For further information about Huachen AI Parking Management Technology Holding Co., Ltd, please contact:

 

Huachen AI Parking Management Technology Holding Co., Ltd

 

Alan Li

 

ir@huachenai.com

 

Mobile: +852-95791074

 

SOURCE Huachen AI Parking Management Technology Holding Co., Ltd

 

 

 

 

Filing Exhibits & Attachments

2 documents