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Otovo AS Class A ( (DE:89K) ) has issued an update.
Otovo ASA has confirmed key details of its previously approved 10-for-1 reverse share split, which will consolidate every ten existing shares into one new share, raise the nominal value per share from NOK 0.01 to NOK 0.10, and assign a new ISIN (NO0013721613) from 4 February 2026. Shareholders whose holdings are not evenly divisible by ten will have their positions rounded down to the nearest whole share and receive cash compensation for any fractional entitlements based on the market price at the time of implementation, a move that simplifies the capital structure and may support the company’s market profile by reducing the number of shares outstanding and potentially increasing the per-share trading price.
More about Otovo AS Class A
Otovo ASA is an AI-native energy services company operating across Europe and the United States, providing real-time equipment monitoring, rapid repairs, dependable power supply and grid participation as an integrated service for homes and businesses. Its Endurance AI platform oversees installed equipment around the clock, optimizes the service process from fault detection to resolution, and coordinates maintenance to deliver reliable, low-cost power services; the company is listed on the Euronext Oslo Stock Exchange under the ticker OTOVO.
Average Trading Volume: 899,751
Current Market Cap: NOK844.9M
See more insights into 89K stock on TipRanks’ Stock Analysis page.