Kaixin Holdings (NASDAQ: KXIN) announced a share consolidation of its ordinary shares at a ratio of 1-for-15, effective March 13, 2026. The consolidation will change the par value from $1.35 per share to $20.25 per share.

Under the consolidation, every 15 shares of the company's ordinary shares will be automatically combined into one ordinary share. The class A ordinary shares will continue trading on The Nasdaq Capital Market under the symbol "KXIN" with a new CUSIP number G5223X175.

Outstanding warrants and other equity rights will be proportionately adjusted to reflect the share consolidation. Shareholders who would receive fractional shares will have their holdings rounded up to one ordinary share instead of receiving the fractional amount.

Transhare Corporation, serving as both transfer agent and exchange agent, will send instructions to shareholders holding stock certificates about exchanging old certificates for new ones. Shareholders with shares held in brokerage accounts do not need to take action for the exchange.

Kaixin Holdings is a Cayman Islands holding corporation with automotive industry operations in China. The information was provided in a company press release.