Kaixin Auto Aktie

The Kaixin Auto share (ticker KXIN) fell about 13.7% in after-hours trading after announcing a 1‑for‑30 reverse stock split effective December 1, 2025. The par value per share will increase to $1.35, the CUSIP will be changed, and warrants and rights will be adjusted on a pro rata basis. Fractional shares will be rounded up to whole shares; Transhare will handle the exchange for holders of physical certificates, and depositary holders do not need to take any action. » Altro su de.investing.com

Shareholders of Kaixin Holdings approved all proposals at the general meeting, including authorizing the board to carry out a share consolidation within 360 days. The stock lost more than 80% last year and currently trades at around $0.80. Kaixin is pursuing a transformation into an AI-driven technology company in the education sector and has signed a term sheet to acquire 55% of XINGCAN, to be financed by issuing new shares. The company did not provide specific details on the consolidation ratio, timetable or the financial terms of the acquisition. » Altro su de.investing.com