- EZGO Technologies Ltd. (NASDAQ:EZGO) completed a 150-for-1 reverse stock split on May 19, 2026, a significant corporate action to restructure its shares.
- This strategic move reduced the company’s total outstanding shares from approximately 345.8 million to about 2.3 million, as approved by the board of directors.
- Following the reverse stock split, EZGO shares continue to trade on the Nasdaq, with a current stock price of $1.98 and a market capitalization of $2,987.
EZGO Technologies Ltd. (NASDAQ:EZGO) is a company based in China that provides innovative solutions for short-distance transportation, focusing on popular products like e-bicycles and e-scooters. The company recently took a significant step to change its stock structure, which is a common action for companies listed on major exchanges to manage their equity.
On May 19, 2026, EZGO completed a 150-for-1 reverse stock split. A reverse stock split is a process where a company reduces its total number of outstanding shares, effectively increasing the per-share value. In this case, for every one hundred and fifty shares an investor owned, they now own one single share.
As highlighted by PR Newswire, this corporate action was approved by the board of directors on May 6, 2026. The split reduced the number of EZGO’s shares from about 345.8 million to approximately 2.3 million. The company stated that no action was required from shareholders for this change to occur, simplifying the process for investors.
Following the split, EZGO shares continue to trade on the Nasdaq. The stock is currently priced at $1.98, which is a decrease of $0.03, or 1.51%, for the day. During the trading session, the stock’s price has moved between a low of $1.68 and a high of $2.15.
Over the last 52 weeks, the stock has reached a high of $2,585.62 and a low of $1.68. The company’s current market capitalization is $2,987. Today’s trading volume is 268,499 shares. Market capitalization is the total value of a company’s shares, found by multiplying the share price by the number of shares.
