Envirotech Vehicles Announces 1-for-10 Reverse Stock Split

Envirotech Vehicles, Inc. has announced a reverse stock split of its common stock at a 1-for-10 ratio. Approved on May 1, 2025, the split will become effective on August 6, 2025, at 5:00 p.m. Eastern Time. Trading on a split-adjusted basis is expected to commence on August 8, 2025, under the current ticker "EVTV" on Nasdaq.

The reverse split will reduce the number of outstanding shares from approximately 35.3 million to 3.5 million. Fractional shares will be rounded up to the nearest whole share. Envirotech's transfer agent, Issuer Direct Corporation, will handle the exchange process. No action is required from shareholders for electronic or brokerage accounts.

Adjustments will apply to stock options, warrants, and other agreements. Further details are available in Envirotech's proxy statement filed with the SEC.