Huachen AI Parking Management Technology Holding Co., Ltd (HCAI) Form 6-K — Oct 28, 2026
Huachen AI Parking Management Technology Holding (NASDAQ: HCAI) completed a 1-for-20 reverse stock split effective at market open on October 23, 2026, following shareholder approval at the October 13, 2026 extraordinary general meeting. The split reduced outstanding Class A shares from 10,379,942 to approximately 518,998 and Class B shares from 533,334 to approximately 26,667, with par value rising proportionately to US$0.00075 per share. Fractions were rounded up to full shares and a new CUSIP (G4645R205) was assigned. The stated purpose is to regain compliance with Nasdaq's $1.00 minimum bid price rule (Listing Rule 5550(a)(2)).
Key figures
- Par Value Pre
- US$0.0000375
- Par Value Post
- US$0.00075
- Effective Date
- 2026-10-23
- Warrant Shares
- approximately 899,784 Class A Ordinary Shares
- Authorized Capital
- US$37,500,000
- Reverse Split Ratio
- 1-for-20
- Authorized Shares Post
- 40,000,000,000 Class A and 10,000,000,000 Class B Ordinary Shares
- Shares Outstanding Pre
- 10,379,942 Class A and 533,334 Class B ordinary shares
- Warrant Exercise Price
- US$3.0563 (as of October 27, 2026)
- Shares Outstanding Post
- approximately 518,998 Class A and approximately 26,667 Class B Ordinary Shares
AI analysis
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