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Mega Matrix Shareholders Approve 20-for-1 Share Consolidation

Shareholders of Singapore-based Mega Matrix Inc. have voted to consolidate the company’s common stock at a 20-to-1 ratio, a move designed to restructure the firm's equity capital. The decision was formalized during an extraordinary general meeting held at the company’s headquarters on September 1, 2026.

Mega Matrix Shareholders Approve 20-for-1 Share Consolidation
Photo: Bio & News

The approved resolution mandates that every twenty shares of class A, B, and C stock, currently valued at USD 0.001 par value, will be combined into a single share with a par value of USD 0.02. This consolidation is set to take effect on September 15, 2026. Under the new terms, any fractional shares resulting from the conversion will be rounded up to the next whole share, ensuring shareholders retain full units of equity.

Alongside the share consolidation, investors also cleared the adoption of a fourth amended and restated memorandum and articles of association. This legal update serves to formally reflect the changes in the company's capital structure. Mega Matrix, which operates the short-video streaming platform FlexTV through its subsidiary Yuder Pte, Ltd., has authorized its directors to execute all necessary measures to finalize the transition by the mid-September deadline.

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