Monitor the company's next financial filings (20-F) for De Tomaso's financials and the newly reconstituted board. The stock now represents a luxury automotive play with significant uncertainty around valuation and execution.
Price Chart
Executive Summary
OIO Group completed its business combination with De Tomaso Automobili Holdings, resulting in a change of control. Former De Tomaso shareholders now hold 95.8% of the company, with founder Norman Choi owning 67.6%. A 1-for-3 reverse stock split was also effected. The company's ticker changed to OIO.
Key Facts
- Business combination with De Tomaso completed on April 24, 2026.
- Reverse stock split of 1-for-3 effective April 24, 2026.
- Issued 333,333,334 ordinary shares to De Tomaso shareholders.
- Post-closing shares outstanding: 348,022,108.
- Former De Tomaso shareholders hold approximately 95.8% of the company.
- Norman Choi beneficially owns 67.6% of the company's ordinary shares.
- Ticker symbol changed to OIO on Nasdaq.
- Existing board remains; governance transition expected after filing of 20-F.
Financial Impact
Massive dilution for pre-combination OIO shareholders, now holding approximately 4.2% of the combined entity. No financial figures disclosed.
Risk Factors
- Integration risk and execution of strategic pivot from refuse systems to luxury automotive.
- Nasdaq listing compliance after reverse split and change of control.
- Lack of historical financial performance for De Tomaso as a public entity.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-019185 |
| Exhibit: ex99-1.htm | 0001493152-26-019185 |
| Document: 0001493152-26-019185-index-headers.html | 0001493152-26-019185 |
| Document: 0001493152-26-019185-index.html | 0001493152-26-019185 |
| Document: 0001493152-26-019185.txt | 0001493152-26-019185 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 27, 2026 26w ago | 6-K | $0.0554 $0.0374 | ▼ −32.49% | ▼ −37.94% | — |
Apr 22, 2026 26w ago | 6-K | — | awaiting T+20 | — | — |
Apr 20, 2026 27w ago | 6-K | — | awaiting T+20 | — | — |
Apr 9, 2026 28w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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