Mega Matrix Inc. will consolidate one post-consolidation Class A ordinary share for every 20 pre-consolidation shares, taking 62,492,148 shares to approximately 3,124,608. The action also reduces the authorized Class A share count to 50,000,000 and becomes effective September 15, changing the company’s share structure for investors.

Key Highlights

  • The 1-for-20 consolidation is scheduled to become effective September 15.
  • Mega Matrix’s authorized Class A share count will change to 50,000,000.
  • The amended memorandum was adopted through a special resolution passed on September 1.

Mega Matrix Inc. (AMEX: MPU) will consolidate its Class A ordinary shares at a ratio of one post-consolidation share for every 20 pre-consolidation shares. The action is expected to reduce 62,492,148 pre-consolidation Class A ordinary shares to approximately 3,124,608 shares, subject to rounding adjustments. The change is scheduled to take effect on September 15. Mega Matrix’s authorized Share Capital will remain USD1,110,000 while its authorized structure is amended as part of the consolidation.

Share Structure Changes Take Effect September 15

The board authorized the share consolidation, while a special resolution adopting the amended memorandum of association was passed on September 1. The revised memorandum becomes effective on September 15. The consolidation applies to Class A ordinary shares.

Authorized Capital Moves To 50,000,000 Class A Shares

Each class carries a Par Value of USD0.001. The amended structure provides for 50,000,000 Class A shares with a par value of USD0.001 each.