Mega Matrix Inc

Mega Matrix Inc. announced the results of its 2026 Annual General Meeting held on June 22, 2026. Shareholders approved the election of four directors and the appointment of Audit Alliance LLP as the independent auditor for fiscal year 2026. The most significant approval was a proposal for a share consolidation of 20 Shares into 1 Share, conditional on Board determination, along with the adoption of amended articles of association to reflect this change.

Mega Matrix Inc. has issued a notice and proxy statement for its 2026 Annual General Meeting, scheduled to be held virtually on June 22, 2026. Shareholders will vote on four key proposals, including the election of four directors, a potential share consolidation to address NYSE American listing requirements, amendments to the company's charter, and the ratification of Audit Alliance LLP as its auditor. The company is proactively seeking shareholder approval for a share consolidation due to concerns about its stock price potentially impacting its listing on the NYSE American.

Mega Matrix Inc. (MPU) corrected a typographical error in its 2025 Annual Report (Form 20-F) regarding executive cash compensation. The company stated that the cash compensation for executive officers in fiscal year 2025 was incorrectly reported as $101.6 million and should be approximately $1.02 million. MPU also clarified that share-based compensation expenses are non-cash accounting expenses. The correction does not impact the company's 2025 financial statements or core business information.