AGM/EGMJul 30, 2026, 04:07 PM
INLIF to hold EGM for major share capital increase to $2.72B
AI Summary
INLIF Limited announced it will hold an Extraordinary General Meeting (EGM) on August 17, 2026, to seek shareholder approval for several proposals. The primary proposal is a significant increase in the Company's authorized share capital from US$350,000 to US$2,720,000,000. This includes expanding Class A ordinary shares to 8,000,000,000 and Class B ordinary shares to 500,000,000. Additionally, shareholders will consider a reorganization of the Company's share capital by reducing the par value of each ordinary share from US$0.32 to US$0.0001, effective immediately after the capital increase.
Key Highlights
- EGM scheduled for August 17, 2026, at 9:30 a.m. U.S. Eastern Time.
- Proposing to increase authorized share capital from $350,000 to $2,720,000,000.
- Class A ordinary shares to increase from 1,046,875 to 8,000,000,000.
- Class B ordinary shares to increase from 46,875 to 500,000,000.
- Proposing to reduce par value per ordinary share from $0.32 to $0.0001.
- Record date for voting at the EGM is July 27, 2026.
Price Impact
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