Mega Matrix Inc. announced that at its Extraordinary General Meeting held on September 1, 2026, shareholders approved a 20-for-1 share consolidation of its class A, B, and C ordinary shares, effective September 15, 2026. The consolidation reduces the authorized share capital from 1.1 billion shares to 55 million ordinary shares, with the par value adjusted from $0.001 to $0.02 per share, while preferred shares remain unchanged. Shareholders also adopted the fourth amended and restated memorandum and articles of association to reflect the consolidation. The company, which operates the short-video streaming platform FlexTV, stated that no fractional shares will be issued and any fractional entitlements will be rounded up to the next whole share.
Mega Matrix Corp.Share consolidation is a capital structure change with no direct impact on operations or value.
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