Corporate ActionJul 21, 2026, 04:32 PM
DarkIris EGM: Share Capital Increase, Reverse Split, Class B Voting Rights
AI Summary
DarkIris Inc. will hold an Extraordinary General Meeting on August 6, 2026, to vote on significant corporate actions. These include a substantial increase in authorized share capital from US$50,000 to US$500,000,000 and authorized shares from 31.25 million to 312.5 billion. Shareholders will also consider increasing the voting rights of Class B Ordinary Shares from 20 to 150 votes per share and approving a flexible reverse stock split with a ratio ranging from 2:1 to 3,000:1. The Board unanimously recommends approval of all proposals, which also involve adopting new memorandum and articles of association.
Key Highlights
- EGM scheduled for August 6, 2026, to vote on significant corporate actions.
- Proposal to increase authorized share capital from US$50,000 to US$500,000,000.
- Proposal to increase authorized shares from 31,250,000 to 312,500,000,000.
- Seeks to increase Class B Ordinary Share voting rights from 20 to 150 votes per share.
- Proposes a reverse stock split (share consolidation) with a ratio between 2:1 and 3,000:1.
- Board authorized to determine the exact reverse split ratio and effective date within two years.
- Proposals include adopting new Third Amended and Restated Memorandum and Articles of Association.
Price Impact
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