On February 3, 2026, Otovo ASA completed a reverse share split at a ratio of 10 old shares for 1 new share. Following the split, the company’s shares now have a new par value of NOK 0.10, and the total number of shares outstanding is 53,139,081.
Otovo ASA is an AI-driven energy services company operating in Europe and the United States. The company integrates real-time equipment monitoring, rapid repairs, reliable power supply, and grid participation into a unified service platform. Otovo is listed on the Euronext Oslo Stock Exchange under the ticker OTOVO.
**Why this matters**
A reverse share split reduces the number of shares outstanding while increasing the share price proportionally. This action can improve the stock’s marketability and meet listing requirements, potentially attracting new investors and enhancing trading liquidity.
Source: NewsData