SplitJul 9, 2026, 05:32 PM
TryHard Holdings to Hold EGM for 1-for-10 Reverse Stock Split
AI Summary
TryHard Holdings Ltd. announced an Extraordinary General Meeting (EGM) to be held on July 21, 2026, to seek shareholder approval for a 1-for-10 reverse stock split. The proposed share consolidation is intended to help the company regain compliance with Nasdaq's minimum bid price requirement and align its capital structure with its long-term development strategy. The Board of Directors unanimously recommends shareholders vote in favor of the proposal.
Key Highlights
- Extraordinary General Meeting (EGM) scheduled for July 21, 2026, in Osaka, Japan.
- Shareholders to vote on a 1-for-10 reverse stock split (Share Consolidation).
- Record date for EGM voting is July 9, 2026.
- The consolidation aims to meet Nasdaq's minimum bid price requirement of $1.00.
- Post-consolidation, 50,046,250 Ordinary Shares will become 5,046,250 Ordinary Shares.
- Post-consolidation, 2,000,000 Series A Preferred Shares will become 200,000 Series A Preferred Shares.
- The Board of Directors unanimously recommends voting 'FOR' the proposal.
Price Impact
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