Smart Powerr Corp. 8-K

What Happened

• Smart Powerr Corp. (CREG) filed a Certificate of Change with the Nevada Secretary of State to effect a 1-for-10 reverse stock split of its common stock, effective June 15, 2026. The Board authorized the Reverse Stock Split by unanimous written consent on May 22, 2026. The split became effective for trading at the market open on June 16, 2026, and the company’s shares trade on the Nasdaq Capital Market under the symbol CREG on a split-adjusted basis. The new CUSIP for the post-split common stock is 168913507. The company issued a press release on June 8, 2026 about the transactions.

Key Details

• Reverse ratio: 1-for-10; effective date: June 15, 2026; trading adjusted June 16, 2026.
• Issued and outstanding shares reduced from ~27.5 million to ~2.75 million.
• Fractional shares resulting from the split were rounded up to the next full share.
• Nevada law and the company’s articles allowed the Board to effect the change without a stockholder vote.

Why It Matters

• A reverse stock split reduces the number of shares outstanding and increases the per‑share price proportionally; it does not change the company’s total equity value (except for minor effects from fractional share rounding).
• Investors should note the new share count, new CUSIP (168913507), and that holdings and historical per‑share figures are adjusted for the 1-for-10 split when comparing pre- and post‑split data.
• Because the Board implemented the change without a stockholder vote (per Nevada law), the action is final and already reflected in trading.