Corporate ActionAug 12, 2026, 04:33 PM
BIT ORIGIN Shareholders Approve 5-for-1 Reverse Split & Name Change to SANGRIX INC.
AI Summary
BIT ORIGIN Ltd shareholders approved a 5-for-1 reverse stock split, effective August 21, 2026, at an Extraordinary General Meeting held on August 11, 2026. Shareholders also approved changing the company's name to SANGRIX INC. and increasing the authorized share capital. All proposals presented at the meeting were approved by shareholders.
Key Highlights
- Shareholders approved a 5-for-1 reverse stock split, effective August 21, 2026.
- Company name change to SANGRIX INC. was approved by shareholders.
- Authorized share capital increased from $15,000 to $60,000,000.
- All seven proposals presented at the Extraordinary General Meeting were approved.
- Quorum represented 42.18% of total voting power as of the Record Date.
- 4,068,548 Class A Ordinary Shares and 92,411 Class B Ordinary Shares were outstanding.
Price Impact
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