Mega Matrix Inc. Announces Results of its Annual General Meeting

Rhea-AI Summary

Mega Matrix (NYSE American: MPU) reported voting results from its June 22, 2026 Annual General Meeting.

Shareholders elected four directors, approved a potential share consolidation of between 3‑for‑1 and 20‑for‑1 across all share classes, adoption of amended memorandum and articles after consolidation, and ratified Audit Alliance LLP for 2026.

Positive

• Shareholders approved flexible share consolidation range from 3-for-1 up to 20-for-1
• Four directors elected to serve until the next annual general meeting
• Amended and restated memorandum and articles approved to reflect share consolidation
• Audit Alliance LLP ratified as independent auditor for fiscal year 2026

Negative

• None.

News Market Reaction – MPU

-7.45%

9 alerts

-7.45% Session close to close

-6.5% Trough in 10 hr 3 min

$22.58M Market Cap

0.0x Rel. Volume

In the Jun 25 session, MPU declined 7.45%, reflecting a notable negative market reaction. Argus tracked a trough of -6.5% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -7.5% in the session following this news. A negative reaction despite positive news ...

Analysis

The stock moved -7.5% in the session following this news. A negative reaction despite positive news fits MPU’s pattern of selloffs after announcements, including governance or strategy updates. Approval of a flexible share consolidation and an effective $2,000,000,000 shelf may raise dilution and listing-risk concerns for some investors.

Key Figures

Board seats elected: 4 directors Maximum share consolidation ratio: 20 Shares into 1 Share Minimum share consolidation ratio: 3 Shares into 1 Share +2 more

5 metrics

Board seats elected 4 directors Elected at 2026 Annual General Meeting to serve until next AGM

Maximum share consolidation ratio 20 Shares into 1 Share Approved flexible share consolidation for all share classes

Minimum share consolidation ratio 3 Shares into 1 Share Board may choose any whole-share ratio between 3:1 and 20:1

Par value per share USD 0.001 Par value of each Class A, B and C ordinary share

Fiscal year end December 31, 2026 Audit Alliance LLP appointed for this fiscal year

Historical Context

5 past events · Latest: Jun 11 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 11	Market activity response	Neutral	-5.1%	Company addressed unusual trading activity, stating no undisclosed material developments.
Apr 27	Annual report clarification	Neutral	-4.0%	Amended 2025 report to correct executive cash compensation disclosure typo.
Apr 16	Annual results filing	Neutral	-2.1%	Filed 2025 Form 20-F highlighting revenue, cash balance and digital asset holdings.
Mar 27	AI strategy initiative	Neutral	-0.8%	Announced AI-driven production and enterprise deployment targets for cost and time savings.
Jan 8	Strategic partnership MOU	Neutral	-9.4%	Signed MOU for Islamic precious metals ecosystem and related Web3 initiatives.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent MPU disclosures and strategic updates have often been followed by single‑digit percentage declines within 24 hours.

Key Terms

ordinary resolution, special resolution, share consolidation, memorandum and articles of association, +1 more

5 terms

ordinary resolution regulatory

"approved a proposal, as an ordinary resolution, to elect four (4) persons"

An ordinary resolution is a decision made by shareholders at a company meeting that is approved when more than half of the votes cast are in favor. Think of it like a household vote where a majority decides routine matters — it covers everyday corporate actions such as approving directors, routine policy changes, or distributions, and matters to investors because these majority-approved choices shape governance, management authority, and the company’s near-term direction.

special resolution regulatory

"approved a proposal, as a special resolution, that the adoption of an amended"

A special resolution is a formal shareholder vote that requires a higher-than-normal majority—typically around three-quarters—to approve major corporate changes, such as altering the company’s governing rules, selling the business, or winding it up. It matters to investors because it signals decisive, potentially value-altering actions that cannot be passed by a simple majority; think of it as needing extra votes to change the rules of a club, so minority interests are harder to override.

share consolidation regulatory

"be consolidated on the basis of twenty (20) Shares into one (1) Share ... (the "Share Consolidation")"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

memorandum and articles of association regulatory

"amended and restated memorandum and articles of association, to take effect immediately"

Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.

independent registered public accounting firm financial

"the appointment of Audit Alliance LLP as the independent registered public accounting firm"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

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

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SINGAPORE, June 25, 2026 /PRNewswire/ -- Mega Matrix Inc. (NYSE American: MPU or "Company") today announced the results of its 2026 Annual General Meeting, which was held on June 22, 2026 virtually.

At the Annual General Meeting, the Company's shareholders:

(1) approved a proposal, as an ordinary resolution, to elect four (4) persons to the board of directors of the Company, each to serve until the next annual general meeting of shareholders of the Company or until such person shall resign, be removed or otherwise leave office;

(2) approved a proposal, as an ordinary resolution, that the consolidation of all the Company's Class A ordinary Shares, Class B ordinary Shares and Class C ordinary Shares, par value USD 0.001 each, whether issued or unissued (collectively, the "Shares"), be consolidated on the basis of twenty (20) Shares into one (1) Share, or such lesser whole-share ratio as the Board of Directors may determine, provided that the ratio shall not be less than three (3) Shares into one (1) Share (the "Share Consolidation"), with the consolidated Shares having the same rights and being subject to the same restrictions (other than the change in par value) as the existing Shares of the relevant class under the Company's then-existing memorandum and articles of association, and with such Share Consolidation to be conditional upon approval by the Board and shall take effect on such date as the Board may determine in its sole discretion;

(3) approved a proposal, as a special resolution, that the adoption of an amended and restated memorandum and articles of association, to take effect immediately following the Share Consolidation, in substitution for and to the exclusion of the Company's then existing memorandum and articles of association, to reflect the Share Consolidation upon its effectiveness; and

(4) approved a proposal, as an ordinary resolution, that the appointment of Audit Alliance LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, be approved and ratified.

About Mega Matrix Inc.:

Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a Cayman Islands corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io. 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand its main business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 20-F, filed with the SEC on April 16, 2026, as further amended on April 27, 2026, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

X (f/k/a Twitter): twitter.com/MegaMatrixMPU
Facebook: facebook.com/megamatrixmpu
facebook.com/flextvus
LinkedIn: linkedin.com/company/megamatrixmpu
TikTok: tiktok.com/@flextv_english
YouTube: youtube.com/@FlexTV_English

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

For inquiries, please contact: Info@megamatrix.io 

View original content:https://www.prnewswire.com/news-releases/mega-matrix-inc-announces-results-of-its-annual-general-meeting-302810258.html

SOURCE Mega Matrix Inc.

FAQ

What did Mega Matrix (MPU) announce from its 2026 Annual General Meeting?

Mega Matrix announced shareholder approval of all proposals at the 2026 AGM. According to Mega Matrix, investors backed director elections, a potential share consolidation, updated governing documents, and the appointment of Audit Alliance LLP as independent auditor for the 2026 fiscal year.

What share consolidation did Mega Matrix (MPU) shareholders approve in June 2026?

Shareholders approved a consolidation of all share classes into fewer shares. According to Mega Matrix, the board may implement a ratio between three shares into one share and twenty shares into one share, with timing and final ratio at the board’s discretion.

How will the Mega Matrix (MPU) share consolidation affect existing share classes?

The consolidation will apply to Class A, B and C ordinary shares. According to Mega Matrix, consolidated shares will keep the same rights and restrictions, aside from changed par value, and the consolidation will only take effect once approved and implemented by the board.

Which directors were elected at the Mega Matrix (MPU) 2026 AGM?

Shareholders elected four individuals to the Mega Matrix board. According to Mega Matrix, each director will serve until the next annual general meeting or until resignation, removal, or earlier departure from office, providing continuity in the company’s board leadership structure.

Who is the independent auditor for Mega Matrix (MPU) for fiscal year 2026?

Audit Alliance LLP was approved as Mega Matrix’s independent registered public accounting firm for 2026. According to Mega Matrix, shareholders ratified this appointment at the 2026 Annual General Meeting, covering the fiscal year ending December 31, 2026.

What corporate governance changes did Mega Matrix (MPU) approve after the share consolidation?

Shareholders approved amended and restated memorandum and articles of association. According to Mega Matrix, these updated governing documents will take effect immediately after the share consolidation, replacing the existing memorandum and articles to reflect the new share structure.