Earnings summaries and quarterly performance for Kaixin.
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Recent press releases and 8-K filings for KXIN.
Kaixin Holdings to Hold AGM for Share Restructuring and Capital Re-denomination Proposals
KXIN
Proxy Vote Outcomes
Accounting Changes
- Kaixin Holdings (KXIN) will hold an Annual General Meeting (AGM) on February 21, 2026, at 10:00 am Beijing time.
- Shareholders will vote on a resolution for a reverse share split and share consolidations with a cumulative ratio between one-for-two and one-for-one thousand.
- A share sub-division is also proposed to occur after the share consolidation.
- Another key proposal is the re-denomination of the company's issued share capital from US dollars to Euro.
- Shareholders can submit their proxy forms online until February 19, 2026, 10:00 am Beijing Time.
1 day ago
Kaixin Holdings to acquire Zhejiang Ordinary Smile Auto Sales Co., Ltd.
KXIN
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- On December 2, 2025, Kaixin Holdings, through its wholly-owned subsidiary, entered into a Securities Purchase Agreement to acquire 100% of the equity in Zhejiang Ordinary Smile Auto Sales Co., Ltd., an automobile wholesale and retail business.
- The consideration for this acquisition is the issuance of up to 15 million Class A ordinary shares by Kaixin Holdings, which will be held in escrow.
- The release of these shares to the seller is subject to the Target Company achieving specific audited revenue performance targets over a five-year assessment period, commencing December 1, 2025, and concluding November 30, 2030.
- The annual revenue targets for the Target Company start at RMB 665 million for the first assessment year (December 1, 2025, to November 30, 2026) and increase to RMB 974 million for the fifth assessment year (December 1, 2029, to November 30, 2030). Share releases are subject to adjustment based on performance.
Dec 2, 2025, 10:23 PM
Kaixin Holdings Establishes Digital Asset Management Department
KXIN
New Projects/Investments
M&A
- Kaixin Holdings has established a Digital Asset Management Department to acquire cryptocurrencies such as Bitcoin and Ethereum and implement a digital asset allocation strategy to diversify traditional business risks and generate long-term returns.
- The company is exploring opportunities to introduce new strategic investors and acquire high-value projects in the Web3 industry.
- As of October 6, 2025, Kaixin Holdings has 27,258,228 ordinary shares issued and outstanding, comprising 22,158,228 Class A and 5,100,000 Class B ordinary shares.
- Kaixin Holdings is committed to transitioning into an AI-driven tech business in China, utilizing AI for online live streaming education platforms and aiming to expand its AI capacity.
Oct 6, 2025, 11:30 AM
Kaixin Holdings Announces Annual General Meeting Results
KXIN
Proxy Vote Outcomes
New Projects/Investments
M&A
- Kaixin Holdings announced that all resolutions presented to shareholders at its Annual General Meeting held on September 13, 2025, were duly passed.
- The Board of Directors is authorized to implement a Share Consolidation and make Articles Amendments within 360 days after the shareholders' passage of resolutions.
- The company is committed to transitioning into an AI-driven tech business in China, utilizing AI for online live streaming education and planning to expand its AI capacity through a proposed acquisition.
Sep 16, 2025, 8:00 PM
Kaixin Holdings Reports Increased Net Loss for First Half 2025 and Raises Going Concern Doubts
KXIN
Earnings
Profit Warning
Convertible Preferred Issuance
- Kaixin Holdings reported a net loss attributable to the Company of $8.4 million for the first half of 2025, an increase from $5.4 million in the first half of 2024, despite total net revenues increasing to $95,000 from nil in the prior year period.
- The company's accumulated deficit reached $386.0 million as of June 30, 2025, and with minimal revenues and operating cash outflows of $1.5 million for the first half of 2025, these factors raise substantial doubt about its ability to continue as a going concern.
- As of June 30, 2025, Kaixin Holdings had $0.6 million in cash and cash equivalents and total current liabilities of $7.6 million.
- On August 6, 2025, the company issued 10,000 Series I Convertible Preferred Shares with a total Stated Value of $10,000,000 to Discover Flux Ltd as compensation for the transfer of 100% equity of Morning Star Auto Inc., which had net asset deficits.
Sep 12, 2025, 8:00 PM
Kaixin Holdings to Hold Annual General Meeting for Share Consolidation Vote
KXIN
Delisting/Listing Issues
Proxy Vote Outcomes
- Kaixin Holdings will hold its Annual General Meeting (AGM) on September 13, 2025, at 10:00 am Beijing time.
- The primary proposals for shareholder vote include a share consolidation and an amendment to the company's memorandum and articles of association.
- The proposed share consolidation ratio is not less than one-for-two and not more than one-for-ninety-nine, with the exact ratio to be determined by the Board within 180 calendar days after the resolution's passing.
- This action is being pursued to help the company regain and maintain compliance with Nasdaq's minimum bid price requirement, as its stock price was $0.73 as of August 25, 2025.
- The Board of Directors unanimously recommends voting "FOR" both the share consolidation and the related articles amendment proposals.
Aug 28, 2025, 11:01 AM
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