XCH adjusts its ADS ratio to 1 ADS per 800 shares, aiming to boost trading price without guaranteeing proportional gains.
XCharge (XCH) will execute a 1-for-20 reverse split for its American Depositary Shares (ADS), effective at the Nasdaq open on August 21, 2026. The change shifts the ADS ratio from 1 ADS representing 40 Class A shares to 1 ADS representing 800 shares.
The company expects the ADS trading price to rise proportionally following the adjustment but has not guaranteed a 20-fold increase. Reverse splits are often used to meet exchange listing requirements or improve liquidity by reducing share count.
No immediate market reaction was disclosed in the announcement.