Republic Power Group Ltd

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.