Republic Power Group Ltd

Republic Power Group Ltd announced the termination of a securities purchase agreement with an institutional investor. The investor's right to enter into new transactions, granted under the original agreement dated July 20, 2026, was terminated effective October 2, 2026. In consideration for this termination, Republic Power Group paid the investor a one-time cash fee of US$250,000.

Republic Power Group Ltd. has called an Extraordinary General Meeting (EGM) for August 24, 2026, to vote on several significant corporate actions. Key proposals include a substantial increase in authorized Class A and Class B Ordinary Shares, an increase in the voting power of Class B Ordinary Shares from 30 to 100 votes per share, and a potential share consolidation (reverse stock split) within a 1-for-2 to 1-for-50 range. Additionally, the company seeks approval to redomicile from the British Virgin Islands to the Cayman Islands. The Board of Directors unanimously recommends a "FOR" vote on all proposals.

Republic Power Group Limited successfully closed an offering of 15,000,000 Class A ordinary shares at $1.00 per share, resulting in net proceeds of approximately $14,562,000. The offering, which closed on August 4, 2026, was made to certain investors via a securities purchase agreement. The company intends to utilize the funds for research and development, business expansion, commercialization, recruitment, general corporate purposes, and future growth opportunities.

Republic Power Group Ltd issued a convertible note to Dune Equity Holdings LLC, along with 53,000 Class A ordinary shares as commitment shares for the first tranche. The note carries a 12% annual interest rate and matures in 12 months, convertible into Class A shares at 80% of recent trading prices. A second tranche of $285,000 is conditional on various factors, including the effectiveness of a resale registration statement, which the company is required to file within 30 days. The agreement includes stringent default provisions, requiring payment of 150% of the outstanding principal plus accrued interest and collection costs upon an event of default.

Republic Power Group Limited filed an F-1 registration statement for a best-efforts offering of up to 15,000,000 Class A Ordinary Shares at $1.00 each, aiming to raise up to $15,000,000. The company, a provider of customized ERP software solutions, recently acquired a stake in NVC Partners Limited and technology rights from NVT Group to develop blockchain-enabled enterprise software for RWA tokenization. While experiencing a significant revenue decline in fiscal year 2024, the company saw a 339.0% revenue increase in fiscal year 2025 and is expanding into SaaS ERP products.

Republic Power Group Ltd reported significant financial improvements for the six months ended December 31, 2025, with total operating revenues surging by 341.4% to SGD 2.17 million and net loss decreasing by 15.9% to SGD 981,469. The growth was driven by increased software development services and substantial product sales. Post-period, the company strengthened its liquidity with over $18 million from equity offerings and announced strategic acquisitions totaling $8 million, addressing prior going concern considerations.

Republic Power Group Ltd. announced that it has regained compliance with the Nasdaq Stock Market LLC's minimum bid price requirement. The company received notification from Nasdaq on June 30, 2026, confirming compliance with Listing Rule 5550(a)(2), and Nasdaq has subsequently closed the matter. This development resolves a previous listing concern for the provider of ERP software solutions and technical support services.

Republic Power Group Ltd announced a 1-for-40 reverse share split for its Class A and Class B ordinary shares, effective May 28, 2026. The Class A Ordinary Shares will begin trading on a split-adjusted basis on Nasdaq under the same symbol "RPGL" with a new CUSIP. This action is intended to help the company regain compliance with Nasdaq's minimum $1.00 bid price requirement, reducing outstanding Class A shares from over 42 million to approximately 1 million.

Republic Power Group Ltd. held an Extraordinary General Meeting (EGM) on April 30, 2026, where shareholders approved several key corporate actions. These include the repurchase of 505,664 Class A Ordinary Shares from True Sage International Limited in exchange for an equal number of new Class B Ordinary Shares. Additionally, shareholders approved the amendment and restatement of the company's memorandum and articles of association, and a share consolidation proposal for both Class A and Class B Ordinary Shares at a ratio between 1-for-2 and 1-for-100, with the exact terms to be determined by the Board within 180 days. A minor discrepancy in the Class B share count was noted but did not impact the EGM's quorum or voting results.

Republic Power Group Ltd (RPGL) has entered into a Sale and Purchase Agreement with NVTH Limited to acquire 10% of NVC Partners Limited. The total consideration for the shares and related technology services is US$8,000,000, payable in installments by June 15, 2026. NVC Partners Limited is engaged in software development for digital assets trading. The transaction is subject to customary conditions precedent and is expected to complete by June 30, 2026.