Fitness Champs Holdings Ltd

Fitness Champs Holdings Limited announced its Annual General Meeting (AGM) will be held on November 12, 2026. Key proposals include a two-step share consolidation: first, a 2-for-1 consolidation, and second, a 100-for-1 consolidation contingent on raising at least $5 million by December 15, 2026. The meeting will also address the adoption of new Articles of Association and the re-appointment of the company's auditor and directors.

Fitness Champs Holdings Ltd. held an Extraordinary General Meeting on June 29, 2026, where shareholders approved several key corporate actions. The company's authorized share capital will be increased from US$500,000 to US$23,000,000, primarily by increasing Class A Ordinary Shares. Additionally, shareholders granted the Board discretion to implement a share consolidation at a ratio between 2-for-1 and 500-for-1 within one year, with fractional shares to be rounded up. These resolutions also include adopting amended Memorandums and Articles of Association to reflect these changes.

Fitness Champs Holdings Ltd will hold an Extraordinary General Meeting (EGM) on June 29, 2026, to seek shareholder approval for several key proposals. These include increasing the company's authorized share capital from $500,000 to $23,000,000 and authorizing the Board to implement a share consolidation (reverse stock split) at a ratio between 2-for-1 and 500-for-1 within one year. Shareholders will also vote on adopting amended articles of association to reflect these changes. The Board unanimously recommends voting for all proposals, but retains discretion to abandon the share consolidation.

Fitness Champs Holdings Limited will convene an Extraordinary General Meeting (EGM) of Shareholders on June 29, 2026, at 10 a.m. Singapore Time. The meeting will be held at 7030 Ang Mo Kio Street, Avenue 5, #04-48, North Star@AMK, Singapore. Shareholders holding Class A and Class B ordinary shares as of the close of business on June 9, 2026, are entitled to receive notice and vote at the EGM. Documents related to the EGM, including the Notice, Proxy Statement, and Proxy Card, are accessible on the company's investor relations website and the SEC's website.

Fitness Champs Holdings Limited received a deficiency notice from Nasdaq on May 26, 2026, for non-compliance with the minimum stockholders' equity requirement. As of December 31, 2025, the company's equity was $598,490, significantly below the $2,500,000 threshold. However, Fitness Champs Holdings believes it has regained compliance following a financing completed in May 2026, pending Nasdaq's review. The company has until July 10, 2026, to confirm compliance or submit a plan, with a potential extension until November 20, 2026, if a plan is accepted.

Fitness Champs Holdings Ltd received a letter from Nasdaq indicating non-compliance with Listing Rule 5550(b)(1) because its stockholders' equity of $598,490 as of December 31, 2025, was below the required $2,500,000. The company also did not meet alternative compliance standards. FCHL believes it has regained compliance following a May 2026 financing, though this is subject to Nasdaq's review. The company has until July 10, 2026, to confirm compliance or submit a plan to regain it, with a potential extension until November 20, 2026.

Fitness Champs Holdings Limited announced a 30-for-1 reverse stock split, or share consolidation, effective May 4, 2026. This action aims to ensure compliance with Nasdaq Marketplace Rule 5550(a)(2). As a result, the number of outstanding Class A and Class B ordinary shares will be significantly reduced, with no fractional shares issued.

Fitness Champs Holdings Limited announced its board of directors approved a 30-for-1 reverse stock split, or share consolidation, effective May 4, 2026. This action is intended to bring the company into compliance with Nasdaq's minimum bid price requirement. As a result, the number of outstanding Class A ordinary shares will be reduced from approximately 36.95 million to 1.23 million, and Class B shares from 580,524 to 19,351, with no fractional shares issued.