Otovo ASA Executes 10-for-1 Reverse Share Split to Consolidate Share Capital

An announcement from Otovo AS Class A ( (DE:89K) ) is now available.

Otovo ASA has implemented a reverse share split effective 3 February 2026, consolidating its share capital at a 10-to-1 ratio, whereby ten existing shares are converted into one new share. Following the transaction, the company’s new par value per share is set at NOK 0.10, with a total of 53,139,081 shares outstanding, a move that may improve the tradability and perceived value of the stock by increasing its nominal price and potentially attracting a broader base of institutional and retail investors.

More about Otovo AS Class A

Otovo ASA is an AI-native energy services company operating in Europe and the United States, focusing on dependable power supply for homes and businesses. The company integrates real-time equipment monitoring, rapid repairs, and grid participation into a unified, low-cost service, powered by its Endurance AI platform, which continuously oversees installed equipment and coordinates round-the-clock maintenance. Otovo is listed on the Euronext Oslo Stock Exchange under the ticker OTOVO.

YTD Price Performance: 48.57%

Average Trading Volume: 897,979

Current Market Cap: NOK829M

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