LOBO Technologies to Consolidate Shares 1-for-10 Starting November 17
Key Facts
LOBO Technologies announced a 1-for-10 consolidation of its Class A and Class B common shares, effective November 17, 2026, according to a Reuters report via Investing.com. Class A shares are expected to begin trading on a post-consolidation basis at the market open that day. Under the arrangement, every 10 shares will be combined into one share, with any fractional share rounded up to the next whole share. The move changes the number of outstanding shares and the par value per share, according to details in the announcement. The announcement did not state a purpose for the consolidation.
Before the consolidation, the company had 15,041,938 common shares outstanding, including 11,311,618 Class A shares and 3,730,320 Class B shares. The par value was $0.001 per share. After the consolidation, the number of Class A shares is expected to be about 1,131,162, and the number of Class B shares about 373,032. The par value will be adjusted to $0.01 per share. These figures show the expected scale of the change in the outstanding share structure for both classes.
The adjustment covers existing financial rights linked to the company’s shares. Reuters said, citing the announcement, that stock options, warrants and other rights to purchase common shares will be adjusted proportionally to the consolidation. Holdings recorded through banks, brokers or custodians will also be adjusted automatically. The mechanism covers instruments and rights affected by the change in the number of shares per holding. The announcement provides for rounding fractions up to a whole share, setting out how holdings resulting from the share combination will be treated. The available details did not specify a cash alternative for fractional shares.
Class A shares will continue trading on the Nasdaq Stock Market under the ticker LOBO after the consolidation takes effect. They will have a new identification number, G00350127, according to the report. Trading on a post-consolidation basis will begin at the market open on November 17, 2026, when the move takes effect. The ticker will therefore remain unchanged, while the share’s identification number changes. This arrangement specifies what shareholders should monitor as trading shifts to the new basis.
The post-consolidation share structure includes authorization to issue up to 10,000,000 shares, comprising 9,000,000 Class A shares and 1,000,000 Class B shares. The par value for each will be $0.01. These figures represent the maximum number of authorized shares, not the expected number of shares outstanding after the consolidation. The expected outstanding counts are about 1,131,162 Class A shares and 373,032 Class B shares. This shows the difference between authorized shares and outstanding shares, according to the announcement’s details.
Ahead of the move, LOBO shares closed at $0.3601 on November 12, 2026, according to EL7 daily closing data. The Reuters report describes the company as a manufacturer of electric mobility products and a provider of artificial intelligence services. In its annual report filed with the U.S. Securities and Exchange Commission, the company said revenue was $23,217,642 in 2025, compared with $21,188,606 in 2024, an increase of 10% that it attributed to sales of electric vehicles and accessories. Net loss, meanwhile, widened to $5,476,695 in 2025 from $845,841 in 2024. Research and development expenses also rose to $3,740,163 from $1,663,445, as part of efforts the company said included developing new materials, technologies, processes and product designs.