AGM/EGMMay 21, 2026, 04:42 PM
Haoxi Health to Vote on Massive Share Capital Increase, Reverse Split
AI Summary
Haoxi Health Technology Ltd. announced an Extraordinary General Meeting (EGM) on June 2, 2026, for shareholders to vote on several key proposals. These include a significant increase in authorized share capital from $384.25 million to $35.2 trillion, and a share consolidation (reverse stock split) at a ratio between 1-for-2 and 1-for-8,000 to maintain Nasdaq listing compliance. The EGM will also address amendments to the company's memorandum and articles of association to reflect these changes and a change in quorum requirements. The Board unanimously recommends voting "FOR" all proposals.
Key Highlights
- Extraordinary General Meeting (EGM) scheduled for June 2, 2026, at 9:30 a.m. Eastern Time.
- Record date for shareholders entitled to vote at the EGM is May 21, 2026.
- Proposed increase in authorized share capital from $384.25 million to $35.2 trillion.
- Proposed share consolidation (reverse stock split) with an aggregate ratio of 1-for-2 to 1-for-8,000.
- Amendments to the memorandum and articles of association to reflect the share capital increase and quorum change.
- Further amendments to M&AA to reflect the share consolidation.
- The Board unanimously recommends voting "FOR" all proposals.
- Share consolidation aims to ensure compliance with Nasdaq Listing Rule 5550(a)(2) minimum bid price.
Price Impact
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