Quhuo shares surge 16.70% premarket on proposed 32,000-to-1 reverse split and Nasdaq direct listing.

Quhuo surged 16.70% in premarket trading following the announcement of a radical capital restructuring plan. The company proposed a 32,000-to-1 reverse stock split and the termination of its ADR program, shifting to a direct Nasdaq listing for its Class A shares. The board’s unanimous support for these measures—aimed at stabilizing the stock price, reducing costs, and improving operational efficiency—suggests a strong likelihood of shareholder approval at the March 11 vote. The reverse split is designed to elevate the share price to meet listing requirements and enhance appeal to institutional investors, while the direct listing is expected to streamline trading for U.S. investors. The move follows a recent $9.88 million capital raise via an ADS issuance on February 11, further positioning the company for strategic repositioning. The premarket rally reflects optimism that the restructuring will address long-standing volatility and restore investor confidence.