Smart Powerr Corp. (CREG) announced on July 16, 2025, its resolution to effect a 1-for-10 reverse stock split of its common stock. The reverse stock split is primarily intended to bring the company into compliance with the Nasdaq Capital Market's minimum bid price requirement.
The reverse stock split became effective at the close of business on July 17, 2025, with the company's common stock opening for trading on Nasdaq on a post-split basis on July 18, 2025. Every ten shares of issued and outstanding common stock were combined into one share, with no change in par value.
This action reduced the total number of issued and outstanding shares from approximately 25.3 million to approximately 2.53 million, with fractional shares rounded up to the next full share. The reverse stock split affects all stockholders uniformly and also adjusts the number of shares available under outstanding stock options and warrants.
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