Otovo Sets Terms and Timeline for 10-for-1 Reverse Share Split

The latest update is out from Otovo AS Class A ( (DE:89K) ).

Otovo ASA has confirmed the key terms and timetable for a previously approved 10-for-1 reverse share split, under which ten existing shares will be consolidated into one new share and the nominal value per share will increase from NOK 0.01 to NOK 0.10, with a new ISIN taking effect in early February 2026. Shareholders whose holdings are not divisible by ten will have their positions rounded down to a whole number of shares and will receive cash compensation based on the prevailing market price for any fractional entitlements, a technical adjustment that does not change the company’s overall market value but may improve trading characteristics of the stock and align its capital structure with market expectations.

More about Otovo AS Class A

Otovo ASA is an AI-native energy services company operating in Europe and the United States, offering a bundled solution that combines real-time equipment monitoring, rapid repairs, dependable power supply, and grid participation into one integrated service for homes and businesses. Its Endurance AI platform continuously oversees installed equipment, optimizes the full service cycle from fault detection to resolution, and coordinates around-the-clock repairs, and the company 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

For a thorough assessment of 89K stock, go to TipRanks’ Stock Analysis page.