Aeva Technologies Inc (AEVA)

[bwrbad]

Was am I missing.
Form DEF 14A Aeva Technologies, Inc. For: Dec 18
Till October 19, 2023, a total of 223,309,007 shares of our common stock were issued and outstanding and no shares were held in treasury. ( now that number is 260.7M, how that happened?)
AEVA Board has determined that it is in the best interests of Aeva and AEVA stockholders to consider a R/S of common stock within a range of 1-for-2 to 1-for-30, as determined by our Board at a later date, in order to reduce the number of shares of common stock outstanding. (seems like R/S may take place on the week of Dec 18 immediately after board meeting).
AEVA cannot assure that the proposed Reverse Stock Split will increase stock price.
Number of Shares of Common Stock Issued and Outstanding After 1 for 30 Reverse Stock Split 223,309,007 shares become 8,670,376. Number of Shares of Common Stock Authorized and Available for Issuance immediately after R/S Reverse Stock Split: 410,546,233.. ( In other words, not just 30 fold reduction in individual holding of shares from R/S, but another 50-fold flooding of new shares on top. More precisely current 100 shares will become 3.33 share and after 50 fold dilution pressure on each post R/S shares the valuation of each share becomes 30* (50c to 60c)/50.
So for current retail holders the AEVA investment equity is vanishing, no escape route.