Corporate ActionAug 6, 2026, 11:06 AM
Masonglory Approves 1-for-8 Share Consolidation & Reclassification
AI Summary
Masonglory Limited announced that shareholders approved a 1-for-8 share consolidation and a reclassification of shares at an Extraordinary General Meeting on July 31, 2026. The consolidation will reduce the number of authorized shares from 500 million to 62.5 million, increasing the par value. Immediately after, shares will be reclassified into 60 million Class A shares (one vote each) and 2.5 million Class B shares (fifty votes each). These changes are expected to be reflected on the Nasdaq Capital Market on August 11, 2026, with Class A shares continuing to trade under "MSGY".
Key Highlights
- Shareholders approved a 1-for-8 share consolidation and reclassification on July 31, 2026.
- Share consolidation changes authorized capital from 500M shares ($0.0001 par) to 62.5M shares ($0.0008 par).
- Shares will be reclassified into 60M Class A shares (1 vote) and 2.5M Class B shares (50 votes).
- The changes will be reflected on Nasdaq Capital Market on August 11, 2026.
- Class A shares will continue trading as "MSGY" with new CUSIP G6007A118.
- A new second amended and restated memorandum and articles of association will be adopted.
Price Impact
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