Corporate ActionJul 28, 2026, 05:31 PM
BIT ORIGIN to Vote on Name Change, Massive Share Capital Increase, 4000:1 Reverse Split
AI Summary
BIT ORIGIN Ltd will hold an Extraordinary General Meeting on August 11, 2026, to vote on several key proposals. These include changing the company name to "SANGRIX INC.", significantly increasing the authorized share capital from US$15,000 to US$60,000,000, and authorizing the Board to implement a share consolidation (reverse stock split) with an accumulative ratio of up to 4000:1. The reverse stock split is proposed to help the company maintain its listing on the Nasdaq Capital Market by meeting the minimum bid price requirement.
Key Highlights
- EGM scheduled for August 11, 2026, to vote on significant corporate actions.
- Proposal to change company name from "BIT ORIGIN LTD" to "SANGRIX INC.".
- Proposal to increase authorized share capital from US$15,000 to US$60,000,000.
- Authorized share capital to increase from 250 million to 1 trillion shares.
- Board to be authorized for share consolidation (reverse split) up to 4000:1.
- Reverse split aims to meet Nasdaq's US$1.00 minimum bid price requirement.
- Shareholders of record as of July 28, 2026, are eligible to vote.
Price Impact
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