Business
Autozi Internet Technology (Global) Ltd. Announces 50 for 1 Share Consolidation
Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (the "Company" or "Autozi"), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that the Company's board of directors approved on November 12, 2025 that the authorised, issued, and outstanding shares of the Company be consolidated on a 50 for 1 ratio with the marketplace effective date of December 12, 2025.
About this update from Autozi Internet Technology (global) Ltd.
[{"type":"text","content":"BEIJING, Dec. 9, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (the "Company" or "Autozi"), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that the Company's board of directors approved on November 12, 2025 that the authorised, issued, and outstanding shares of the Company be consolidated on a 50 for 1 ratio with the marketplace effective date of December 12, 2025.","length":475,"tagName":"p"},{"type":"text","content":"The objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.","length":162,"tagName":"p"},{"type":"text","content":"Beginning with the opening of trading on December 12, 2025, the Company's Class A ordinary shares will trade on the Nasdaq Global Market on a split-adjusted basis, under the same symbol "AZI" but under a new CUSIP number, G06382116.","length":246,"tagName":"p"},{"type":"text","content":"As a result of the share consolidation, each 50 ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders. No fractional shares will be issued to any shareholders in connection with the share consolidation, and each shareholder will be entitled to receive one share of the Company in lieu of the fractional share of that class that would have resulted from the share consolidation.","length":486,"tagName":"p"},{"type":"text","content":"At the time the share consolidation is effective, the Company's authorised share capital will be changed from US$500,000 divided into 480,000,000,000 Class A ordinary shares of US$0.000001 par value each and 20,000,000,000 Class B ordinary shares of US$0.000001 par value each, to US$500,000 divided into 9,600,000,000 Class A ordinary shares of US$0.00005 par value each and 400,000,000 Class B ordinary shares of US$0.00005 par value each. The Company's total issued and outstanding Class A ordinary shares will be changed from 130,535,933 Class A ordinary shares of US$0.000001 par value each to approximately 2,610,719 Class A ordinary shares of US$0.00005 par value each. The Company's total issued and outstanding Class B ordinary shares will be changed from ...