Overview
- Huachen AI said its board approved a 1-for-30 reverse stock split that is set to take effect at the market open pending Nasdaq approval.
- The share count will shrink sharply, with Class A falling from about 18.9 million to roughly 629,167 and Class B from about 16 million to about 533,333.
- The ticker will stay HCAI, a new CUSIP G4645R122 will be assigned, and any fractional entitlement will be rounded up to one whole share.
- Investors sold the stock after the announcement, with reports of a drop of about 41% to $0.22 and additional losses the following session to about $0.21.
- Benzinga reports the company has a compliance extension to August 3, 2026 that requires at least 10 straight closes at or above $1, and reverse splits change price math but not business fundamentals.