Robo.ai Announces 1-For-25 Reverse Stock Split, Effective Nov. 6
Robo.ai Inc. (NASDAQ:AIIO) (the "Company"), a UAE-based, U.S.-listed company, today announced that, subject to shareholder approval, the Company will implement a 1 for 25 reverse stock split of all classes of
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Why It Matters
Robo.ai is combining 25 shares into 1 share. When a company does this, it usually means the stock price got very low.
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