Ezgo Technologies plans reverse share split to hold Nasdaq listing

Ezgo Technologies (Nasdaq: EZGO) said it will carry out a reverse share split aimed at maintaining compliance with Nasdaq's continued listing requirements. The announcement disclosed no split ratio, effective date or shareholder-approval timetable. A reverse split is a listing-compliance tool: it lifts the nominal share price and cuts the share count, but it does not change the company's sales, margins or cash position. For a micro-cap, the mechanical adjustment can also thin liquidity and widen spreads. The next concrete tests are the ratio, the effective date, and whether the shares hold above Nasdaq's minimum bid requirement after the adjustment.