Smart Powerr Corp. Announces Effective Date of Reverse Stock Split
Smart Powerr Corp. (Nasdaq: CREG) has announced a 1-for-10 reverse stock split of its common stock, effective July 17, 2025. The primary goal is to maintain Nasdaq Capital Market listing compliance by meeting minimum bid price requirements.
The reverse split will reduce CREG's outstanding shares from 25.3 million to approximately 2.53 million. Trading under the same symbol "CREG" will commence on July 18, 2025, with a new CUSIP number 168913408. Any fractional shares will be rounded up to the next full share. The split will proportionally adjust all outstanding stock options and warrants while maintaining stockholders' percentage ownership.
Smart Powerr Corp. (Nasdaq: CREG) ha annunciato un raggruppamento azionario inverso 1 per 10 delle sue azioni ordinarie, con efficacia dal 17 luglio 2025. L'obiettivo principale 猫 mantenere la conformit脿 ai requisiti di quotazione del Nasdaq Capital Market, rispettando il prezzo minimo di offerta.
Il raggruppamento ridurr脿 il numero di azioni in circolazione di CREG da 25,3 milioni a circa 2,53 milioni. Le negoziazioni con lo stesso simbolo "CREG" riprenderanno il 18 luglio 2025, con un nuovo numero CUSIP 168913408. Eventuali frazioni di azioni saranno arrotondate per eccesso alla quota intera successiva. Il raggruppamento adeguer脿 proporzionalmente tutte le opzioni e i warrant in circolazione, mantenendo invariata la percentuale di possesso degli azionisti.
Smart Powerr Corp. (Nasdaq: CREG) ha anunciado una consolidaci贸n inversa de acciones 1 por 10 de sus acciones comunes, efectiva a partir del 17 de julio de 2025. El objetivo principal es mantener el cumplimiento de los requisitos de cotizaci贸n en el Nasdaq Capital Market, cumpliendo con el precio m铆nimo de oferta.
La consolidaci贸n reducir谩 las acciones en circulaci贸n de CREG de 25.3 millones a aproximadamente 2.53 millones. Las operaciones continuar谩n bajo el mismo s铆mbolo "CREG" a partir del 18 de julio de 2025, con un nuevo n煤mero CUSIP 168913408. Las acciones fraccionarias se redondear谩n al siguiente n煤mero entero. La consolidaci贸n ajustar谩 proporcionalmente todas las opciones y warrants en circulaci贸n, manteniendo el porcentaje de propiedad de los accionistas.
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Smart Powerr Corp. (Nasdaq : CREG) a annonc茅 un regroupement d'actions inverse de 1 pour 10 de ses actions ordinaires, effectif 脿 compter du 17 juillet 2025. L'objectif principal est de maintenir la conformit茅 aux exigences de cotation du Nasdaq Capital Market en respectant le prix minimum d'offre.
Le regroupement r茅duira le nombre d'actions en circulation de CREG de 25,3 millions 脿 environ 2,53 millions. Les transactions sous le m锚me symbole "CREG" reprendront le 18 juillet 2025, avec un nouveau num茅ro CUSIP 168913408. Les actions fractionnaires seront arrondies 脿 l'action enti猫re sup茅rieure. Le regroupement ajustera proportionnellement toutes les options d'achat et les bons de souscription en circulation tout en maintenant le pourcentage de d茅tention des actionnaires.
Smart Powerr Corp. (Nasdaq: CREG) hat eine 1-zu-10-Aktienzusammenlegung seiner Stammaktien angek眉ndigt, die am 17. Juli 2025 wirksam wird. Das Hauptziel ist die Einhaltung der Mindestgebotspreisanforderungen f眉r die Notierung am Nasdaq Capital Market.
Die Aktienzusammenlegung reduziert die ausstehenden CREG-Aktien von 25,3 Millionen auf etwa 2,53 Millionen. Der Handel unter dem gleichen Symbol "CREG" beginnt am 18. Juli 2025 mit einer neuen CUSIP-Nummer 168913408. Bruchteile von Aktien werden auf die n盲chste ganze Aktie aufgerundet. Die Zusammenlegung passt alle ausstehenden Aktienoptionen und Warrants proportional an und erh盲lt den prozentualen Anteil der Aktion盲re.
- Potential maintenance of Nasdaq listing status through bid price compliance
- Rounding up of fractional shares benefits shareholders
- No alteration to stockholders' percentage ownership in the company
- Significant reduction in total outstanding shares may impact stock liquidity
- Reverse splits are often viewed negatively by the market
- Indicates underlying share price weakness necessitating the split
Insights
CREG's 1-for-10 reverse split aims to maintain Nasdaq listing by boosting share price, but doesn't change company fundamentals or investor equity percentages.
Smart Powerr Corp is implementing a 1-for-10 reverse stock split primarily to regain compliance with Nasdaq's minimum bid price requirement. This financial maneuver will reduce the company's outstanding shares from approximately
This action represents a technical adjustment rather than a fundamental business change. While reverse splits are often viewed cautiously as they typically follow periods of share price decline, this move is explicitly aimed at maintaining the company's Nasdaq Capital Market listing 鈥� a crucial consideration for investor liquidity and market access.
The company has opted to round fractional shares upward, slightly benefiting smaller shareholders. Additionally, all outstanding stock options and warrants will be adjusted proportionally, with quantities reduced and exercise prices increased accordingly. Most importantly for existing investors, this restructuring preserves each stockholder's proportional ownership stake in the company.
Reverse splits are commonly employed by companies facing listing compliance challenges, as they provide an immediate mechanical boost to share price without changing underlying business fundamentals. For CREG shareholders, this action requires no direct response, as positions will automatically adjust when the split takes effect, though they should be aware their share count will decrease while the value of each individual share increases proportionally.
XI鈥橝N, China, July 16, 2025 (GLOBE NEWSWIRE) -- Smart Powerr Corp. (Nasdaq: CREG) (鈥淐REG鈥� or 鈥渢he Company鈥�), today announced that it has resolved to effect a reverse stock split of the Company鈥檚 outstanding common stock, par value
The Reverse Stock Split is primarily intended to bring the Company into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq Capital Market. CREGs Common Stock will continue to trade under the symbol 鈥淐REG.鈥�
Upon the effectiveness of the Reverse Stock Split, every ten shares of issued and outstanding Common Stock before the close of business on July 17, 2025 will be combined into one issued and outstanding share of Common Stock, with no change in par value per share. The Company鈥檚 Common Stock will open for trading on NASDAQ on July 18, 2025 on a post-split basis. The new CUSIP number for the Company鈥檚 Common Stock post-Reverse Stock Split is 168913408.
The Company has decided to round up to the next full share of the Company鈥檚 Common Stock any fractional shares resulting from the Reverse Stock Split. Accordingly, this adjustment will reduce the total number of issued and outstanding shares of the Company鈥檚 Common Stock from approximately 25.3 million to approximately 2.53 million.
The Reverse Stock Split will affect all issued and outstanding shares of the Company鈥檚 Common Stock, as well as the number of shares of Common Stock available for issuance under the Company鈥檚 outstanding stock options and warrants. The Reverse Stock Split will reduce the number of shares of Common Stock issuable upon the exercise of stock options or warrants outstanding immediately prior to the Reverse Stock Split and correspondingly increase the respective exercise prices. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder鈥檚 percentage interest in the Company鈥檚 equity, except to the extent that the Reverse Stock Split results in some stockholders experiencing an adjustment of a fractional share as described above.
About Smart Powerr Corp.
Smart Powerr Corp. is based in Xi鈥檃n, China and a pioneer in waste energy recycling and a developer of energy efficiency solutions for various energy intensive industries in China. We use Build-Operate-Transfer (鈥淏OT鈥�) model to provide energy saving and recovery facilities for multiple energy intensive industries in China. Our waste energy recycling projects allow customers which use substantial amounts of electricity to recapture previously wasted pressure, heat, and gas from their manufacturing processes to generate electricity. We currently offer waste energy recycling systems to companies for use in nonferrous metal plants. We construct our projects at our customer鈥檚 facility and the electricity produced is used on-site by the customer. We plan to pursue disciplined and targeted expansion strategies for market areas we currently do not serve.
Forward-Looking Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's forecast on market trends; the Company's future business development; the demand for and market acceptance for new products; expectation to receive customer orders for new products; the anticipated timing for the marketing and sales of new products; changes in technology; the Company's ability to attract and retain skilled professionals; client concentration; and general economic conditions affecting the Company's industry and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Smart Powerr Corp.
Adeline Gu
+86-29-8765-1097
4/F, Tower C
Rong Cheng Yun Gu Building, Keji 3rd Road, Yanta District
Xi鈥檃n City, Shaanxi Province, China
FAQ
What is the ratio of Smart Powerr Corp's (CREG) reverse stock split?
When will CREG's reverse stock split take effect?
How many shares will CREG have outstanding after the reverse split?
Why is Smart Powerr Corp (CREG) implementing a reverse stock split?
What happens to fractional shares in CREG's reverse stock split?
