DarkIris Inc. Shareholders Approve Increased Voting Rights and Share Consolidation
DarkIris Inc. held an extraordinary general meeting (EGM) on October 6, 2026, where shareholders approved six proposals. Key approvals include amendments to the articles of association to grant Class B shares 200 votes each and a two-stage share consolidation plan. The consolidation is conditional on the Class A share price falling below $1.00 and would involve a 50-to-1 reverse split, potentially occurring twice. Shareholders also approved updated versions of the company's memorandum and articles of association following these consolidations.
Key Highlights
- Shareholders approved amendments to the Company's memorandum and articles of association to increase voting rights for Class B ordinary shares to 200 votes per share.
- Shareholders approved a share consolidation plan, potentially involving a 50-to-1 reverse split twice, contingent on the Class A Ordinary Share price falling below $1.00.
- The Company's shareholders approved the adoption of the Fourth Amended and Restated M&A following the first share consolidation.
- The Company's shareholders approved the adoption of the Sixth Amended and Restated M&A following the second share consolidation.
Price Impact
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