Corporate ActionApr 28, 2026, 05:16 PM
GMEX Robotics Announces 1-for-7 Class A, 1-for-28 Class B Share Consolidation
AI Summary
GMEX Robotics Corp announced a share consolidation, effective May 1, 2026. Class A ordinary shares will consolidate at a 1-for-7 ratio, while Class B ordinary shares will consolidate at a 1-for-28 ratio. This move, approved by the board on April 6, 2026, aims to optimize the capital structure and align the company's market profile with operational progress. Post-consolidation, outstanding Class A shares will decrease to 858,157 and Class B shares to 7,188, providing a more robust platform for future strategic initiatives.
Key Highlights
- GMEX Robotics will effect a 1-for-7 share consolidation for Class A ordinary shares.
- GMEX Robotics will effect a 1-for-28 share consolidation for Class B ordinary shares.
- The Share Consolidation will be effective on May 1, 2026, with trading on a post-consolidation basis.
- The Company's board of directors approved the Share Consolidation on April 6, 2026.
- Outstanding Class A shares will reduce from 6,007,099 to 858,157.
- Outstanding Class B shares will reduce from 201,250 to 7,188.
- Authorized shares post-consolidation: 22,033,929 Class A and 287,500 Class B.
- Fractional shares will be rounded up to one ordinary share of the same class.