XCharge to implement 1-for-20 reverse ADS split on Nasdaq

XCHG Limited (NASDAQ: XCH), an EV charging solutions company headquartered in Hamburg, Germany and Austin, Texas, announced a change to the ratio of its American depositary shares to its Class A ordinary shares, according to a press release.

The company will adjust its ADS ratio from one ADS representing 40 Class A ordinary shares to one ADS representing 800 Class A ordinary shares. For ADS holders, this change is equivalent to a one-for-twenty reverse split.

The adjusted ADSs are expected to begin trading on the Nasdaq Global Market under the same ticker symbol, "XCH," effective August 21, 2026. The new CUSIP number for the ADSs following the change will be 98370X202.

The exchange will occur automatically on the effective date, with every 20 existing ADSs being cancelled and replaced by one new ADS issued by The Bank of New York Mellon, which serves as the depositary bank. ADS holders are not required to take any action.

No fractional new ADSs will be issued. Fractional entitlements will be aggregated and sold by the depositary bank, with net cash proceeds distributed to applicable ADS holders after deduction of fees, taxes, and expenses.

The Class A ordinary shares of the company will not be affected by the ratio change, and no ordinary shares will be issued or cancelled as a result.

The company noted that the ADS trading price is expected to increase proportionately following the change, though it provided no assurance that the post-change price will equal or exceed twenty times the pre-change price.

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