Huachen AI shares drop 29.90% premarket on 1-for-30 reverse stock split announcement.

Huachen AI Parking Management Technology Holding Co. Ltd. (HCAI) fell 29.90% in premarket trading following the company's announcement of a 1-for-30 reverse stock split effective April 13, 2026. The board approved the share consolidation to increase the per-share price and maintain compliance with Nasdaq's minimum bid price requirements. While the split aims to stabilize the stock's trading status, such measures are often perceived by investors as a sign of significant price weakness and potential delisting risks, prompting a sharp sell-off ahead of the effective date.