GrowHub Ltd

GrowHub Ltd. announced extraordinary general meetings for shareholders on August 5, 2026, to vote on several key corporate actions. These include the adoption of a third amended and restated memorandum and articles of association, a significant increase in the company's authorized share capital, and a proposed reverse share split at a ratio of up to 1:200. The board unanimously recommends shareholders vote "FOR" all proposals.

Growhub Ltd (TGHL) has entered into a legally binding Summary Term Sheet for a reverse merger with EnChem America, Inc., a U.S. subsidiary of Korea's EnChem Co., Ltd., specializing in battery electrolyte materials. The transaction values EnChem America at a minimum of $400,000,000, with its pre-closing equity holders receiving 85% of the combined company's equity on a fully diluted basis. The post-closing board and senior management will be designated by EnChem America, signifying a full transfer of economic ownership and operational control. The parties anticipate capital raising transactions post-closing, including a shelf registration for at least $200,000,000.

The GrowHub Limited received a notification from Nasdaq Capital Market on May 26, 2026, stating non-compliance with the minimum stockholders' equity requirement. The company's reported equity of $2,299,129 for the period ended December 31, 2025, falls below Nasdaq's $2,500,000 threshold. Despite this, the company's securities will continue to trade, and GrowHub plans to submit a compliance plan by July 10, 2026, to regain compliance.