Kaixin Holdings (KXIN) Form 6-K — Sep 4, 2026
Kaixin Holdings' board approved the issuance of an additional 10,000,000 Class A ordinary shares to seller Hsiao-Ching Chiu on September 3, 2026, as supplemental consideration for the acquisition of Hongkong Taohaoche Limited. The additional shares will be held in escrow and released subject to six-year performance targets set forth in the Purchase Agreement. The decision responds to a sharp collapse in the company's stock: since the August 26, 2026 signing of the securities purchase agreement, shares fell from over $5.00 to under $1.50, and the original 10,000,000 consideration shares lost more than 70% of their market value.
Key figures
- Stock price after decline
- under $1.50 per share
- Additional shares approved
- 10000000
- Stock price prior to decline
- over $5.00 per share
- Original consideration shares
- 10000000
- Additional share release terms
- held in escrow, released subject to six-year performance targets
- Consideration share value decline
- more than 70%
- Total seller consideration shares
- 20000000
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