EZGO’s Announced 1-for-3 Reverse Stock Split Not Confirmed; Shares Close at $0.7947
Key Facts
EZGO Technologies’ announcement of a 1-for-3 reverse stock split could not be confirmed from a reliable source available on the date of the news. The company’s shares closed at $0.7947 on November 2, 2026, according to EL7 data. The closing price alone does not establish that the stock fell following the purported split announcement. Verified data on the stock’s trading range that day is also unavailable here. The latest trading figures cited are from the November 2, 2026 session, while the reported announcement remains unconfirmed.
The circulating news comes against the backdrop of two previous reverse stock splits by the company, but neither confirms the current announcement or its ratio. Nasdaq announced that EZGO would effect a 1-for-25 reverse stock split, effective November 21, 2025. In May 2026, the company’s board approved a 1-for-150 reverse stock split, according to its filing with the Securities and Exchange Commission, and it was effected on May 19. A document related to the company’s filing showed that the number of issued and outstanding ordinary shares fell from 345,884,745 to about 2,305,899 after the May split. These figures relate to the May 2026 action and do not establish that a new 1-for-3 split took place.
The company has previously faced Nasdaq minimum bid price requirements. EZGO said in a registration statement filed with the Securities and Exchange Commission that Nasdaq granted it an extension until December 29, 2025, to regain compliance with the $1.00-per-share bid price requirement. The condition was that the stock close at or above that level for at least 10 consecutive trading days. The company added that its closing bid price remained at $1.00 or higher for 13 consecutive business days, from November 21 to December 10, 2025. It said Nasdaq closed the noncompliance matter after the company regained compliance.
On the financial front, EZGO reported a net loss of $3,740,252 in the six months ended March 31, 2026. The net loss in the corresponding period of 2025 was about $1,256,852, according to the company’s filing with the Securities and Exchange Commission. The more recent period’s loss was therefore greater than the prior period’s, based on the two reported figures. These results cover the half year ended March 31, 2026, and do not include evidence of a new stock split announcement. The reported 1-for-3 action has not been confirmed by an available official filing.