Greenpro Capital Corp. Successfully Acquires Stake in AI Forekast Limited, an Augmented Intelligence Provider

Rhea-AI Summary

Greenpro Capital Corp (NASDAQ:GRNQ) completed a strategic share exchange to acquire an equity interest in Forekast Limited, an AI augmented-intelligence data analytics provider, on April 6, 2026.

Key facts: Forekast generates approximately $21 million revenue and $1.6 million EBITDA. Greenpro issued 8,500,000 restricted shares in the transaction. The deal met NASDAQ listing rules and was approved by shareholders holding a majority of voting power. Greenpro reaffirmed it will not raise equity below $15 per share.

Positive

• Forekast revenue of $21 million
• Forekast EBITDA of $1.6 million
• Acquisition completed in compliance with NASDAQ listing rules
• Transaction approved by shareholders holding a majority of voting power

Negative

• Issued 8,500,000 restricted shares, creating potential shareholder dilution
• Forekast EBITDA margin roughly 7.6%, indicating modest profitability

News Market Reaction – GRNQ

-18.74% 2.8x vol

23 alerts

-18.74% Session close to close

+3.4% Peak Tracked

-27.2% Trough Tracked

$26.14M Market Cap

2.8x Rel. Volume

In the Apr 6 session, GRNQ declined 18.74%, reflecting a significant negative market reaction. Argus tracked a peak move of +3.4% during that session. Argus tracked a trough of -27.2% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. Trading volume was elevated at 2.8x the daily average, suggesting increased selling activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -18.7% in the session following this news. A negative reaction despite the AI-focu...

Analysis

The stock dropped -18.7% in the session following this news. A negative reaction despite the AI-focused announcement fits a market wary of dilution. Greenpro completed the Forekast share exchange by issuing 8,500,000 restricted shares, which SEC filings show nearly doubled shares outstanding and significantly diluted existing holders. While Forekast contributes about $21 million in revenue and $1.6 million in EBITDA, investors may have focused more on ownership dilution and the company’s prior small-cap financing history when reassessing valuation.

Key Figures

Forekast revenue: $21 million Forekast EBITDA: $1.6 million Share issuance: 8,500,000 shares +1 more

4 metrics

Forekast revenue $21 million Forekast annual revenue referenced in acquisition release

Forekast EBITDA $1.6 million Forekast annual EBITDA referenced in acquisition release

Share issuance 8,500,000 shares Restricted GRNQ common shares issued for Forekast equity stake

Equity floor $15 per share Stated level below which the company does not intend to raise equity

Key Terms

augmented intelligence, ebitda, restricted shares, nasdaq listing rules, +2 more

6 terms

augmented intelligence technical

"Forekast Limited, an AI and augmented intelligence data analytics provider."

Augmented intelligence combines human skills with advanced technology to enhance decision-making and problem-solving. It acts like a helpful partner that provides insights and suggestions, allowing people to make better choices more quickly. For investors, this means smarter analysis, improved efficiency, and the ability to respond to market changes with greater confidence.

ebitda financial

"Forekast generates approximately $21 million in annual revenue with EBITDA of $1.6 million."

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

restricted shares financial

"Greenpro issued 8,500,000 restricted shares of common stock in exchange..."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

nasdaq listing rules regulatory

"The transaction meets NASDAQ listing rules."

Nasdaq listing rules are the rulebook a company must follow to have its shares traded on the Nasdaq stock exchange, covering entry requirements and ongoing standards for finances, corporate governance, public disclosure and reporting. For investors they matter because the rules create baseline checks — like a driver’s license and regular inspections for a car — that promote transparency, comparability and reduce the risk of fraud or sudden delisting.

personal data protection act regulatory

"including recent updates to the Personal Data Protection Act, continues to support..."

A personal data protection act is a law that sets rules for how organizations must collect, store, use and share people's personal information, like names, contact details or health records. For investors, it matters because these laws can change how a business operates, create compliance costs or fines, and affect customer trust and access to markets—similar to traffic rules that shape how a company can drive its data without hitting legal or reputational obstacles.

machine learning technical

"through advanced analytics and machine learning."

Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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KUALA LUMPUR, MY / ACCESS Newswire / April 6, 2026 / Greenpro Capital Corp. (NASDAQ:GRNQ) ("Greenpro" or the "Company") today announced the completion of a strategic share exchange with Forekast Limited ("Forekast"), an AI and augmented intelligence data analytics provider. The transaction meets NASDAQ listing rules.

This acquisition supports Greenpro's strategy to expand its AI-enabled financial platforms and strengthen its position in digital finance. Forekast generates approximately $21 million in annual revenue with EBITDA of $1.6 million. As part of the transaction, Greenpro issued 8,500,000 restricted shares of common stock in exchange for an equity interest in Forekast.

The transaction is expected to accelerate revenue growth and dramatically enhance shareholder value. The Company also reaffirmed that it does not intend to raise equity capital below $15 per share, consistent with prior guidance.

Forekast develops augmented intelligence solutions that enhance customer experience, workforce optimization, and enterprise decision-making through advanced analytics and machine learning. Greenpro intends to integrate these capabilities across its advisory services, ESG initiatives, and digital platform infrastructure.

Malaysia's evolving regulatory landscape, including recent updates to the Personal Data Protection Act, continues to support a strong environment for AI innovation and digital business growth.

Management Commentary

Lee Chong Kuang, Chief Executive Officer of Greenpro Capital Corp., stated:

"This transaction marks a key milestone in integrating artificial intelligence into our financial services platform. Forekast's capabilities will support innovation across our ESG initiatives and next-generation financial solutions."

Muzahid Shah, Group Chief Executive Officer of Forekast Limited, added:

"Our partnership with Greenpro creates a powerful platform for growth. By combining our AI capabilities with Greenpro's global reach and capital markets expertise, we aim to drive expansion and long-term value for our stakeholders."

The transaction was completed in compliance with applicable NASDAQ listing rules and approved by shareholders holding a majority of the Company's voting power.

About GreenPro Capital Corp

Headquartered in Kuala Lumpur and a Nevada corporation, GreenPro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, GreenPro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. GreenPro also operates venture capital businesses, including business development for start-ups and high growth companies.

For further information regarding the company, please visit http://www.greenprocapital.com.

Forward-Looking Statements

This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

GRNQ has 17,125,813 shares issued and outstanding with a float of 4,089,986 shares
Gilbert Loke, CFO, Director
Greenpro Capital Corp.
Email: ir.hk@greenprocapital.com
Phone: +852-3111 7718

SOURCE: Greenpro Capital Corp.

View the original press release on ACCESS Newswire

FAQ

What did Greenpro (GRNQ) announce on April 6, 2026 about Forekast?

Greenpro completed a strategic share exchange to acquire an equity interest in Forekast. According to the company, the deal involved issuing 8,500,000 restricted shares and complies with NASDAQ listing rules.

How large is Forekast's business as reported by Greenpro (GRNQ)?

Forekast generates approximately $21 million in annual revenue and $1.6 million EBITDA. According to the company, those figures represent Forekast's current financial scale.

What does the 8,500,000-share issuance mean for GRNQ shareholders?

The issuance may lead to shareholder dilution depending on outstanding shares and float. According to the company, 8,500,000 restricted shares were issued in exchange for Forekast equity.

Will the Forekast deal affect Greenpro's NASDAQ listing status (GRNQ)?

The transaction met NASDAQ listing rules and remains compliant. According to the company, the acquisition was completed in compliance with applicable NASDAQ requirements.

How might Forekast's profitability affect Greenpro (GRNQ) near term?

Forekast's EBITDA of $1.6 million implies modest profitability that may have limited near-term earnings uplift. According to the company, integration aims to accelerate revenue growth and platform capabilities.

What guidance did Greenpro (GRNQ) provide about future equity raises after the acquisition?

Greenpro reaffirmed it will not raise equity below $15 per share. According to the company, this is consistent with prior guidance and its capital-raise floor.