Mega Matrix Inc. Announces Results of its Extraordinary General Meeting
Mega Matrix shareholders approved a 20-for-1 share consolidation and updated governing documents, with changes stated to take effect from September 15, 2026.
Rhea-AI Summary
Mega Matrix (MPU) reported that shareholders approved all proposals at its Extraordinary General Meeting held on September 1, 2026 in Singapore.
Investors passed an ordinary resolution for a 20-for-1 share consolidation of all Class A, B and C ordinary shares, increasing par value from USD0.001 to USD0.02 per ordinary share. The authorized capital remains USD1,110,000 but is restructured to 50,000,000 Class A, 2,500,000 Class B and 2,500,000 Class C ordinary shares, plus 10,000,000 preferred shares at USD0.001 par value. No fractional shares will be issued and any entitlement will be rounded up to the next whole share. The share consolidation is stated to take effect from September 15, 2026, with directors authorized to carry out implementation. Shareholders also approved a special resolution adopting a fourth amended and restated memorandum and articles of association to reflect the consolidation.
Positive
- 20-for-1 share consolidation approved for all ordinary share classes, with effect stated from September 15, 2026.
- Authorized capital structure realigned to 50,000,000 Class A, 2,500,000 Class B and 2,500,000 Class C ordinary shares at USD0.02 par value.
- No fractional shares will be issued; any fractional entitlement will be rounded up to the next whole share.
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 21 | Sports drama launch | Positive | -3.2% | FlexTV launched a new sports comeback short-drama series |
| Jul 02 | Annual report filing | Neutral | +1.9% | Company announced availability of its 2025 Form 20-F annual report |
| Jun 25 | Annual meeting results | Negative | -7.5% | Shareholders approved potential share consolidation and related governance proposals |
| Jun 11 | Market activity response | Neutral | -5.1% | Company reported no undisclosed material development behind unusual trading activity |
| Apr 27 | Compensation disclosure correction | Positive | -4.0% | Company corrected executive cash compensation disclosure from $101.6 million to $1.02 million |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent reactions diverged from several corporate announcements, while the prior share-consolidation meeting announcement was followed by a negative move.
Key Terms
par value financial
ordinary resolution regulatory
special resolution regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
At the Extraordinary General Meeting, the Company's shareholders:
(1) | approved a proposal, as an ordinary resolution, that (a) all the Company's class A ordinary shares, class B ordinary shares and class C ordinary shares of par value |
(2) | approved a proposal, as a special resolution, to adopt the fourth amended and restated memorandum and articles of association in substitution for, and to the exclusion of, the Company's third memorandum and articles of association, to reflect the Share Consolidation. |
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 complete the Share Consolidation; the ability to increase the trading price of the Company's class A ordinary shares and maintain its listing on the NYSE American; the ability to manage growth; the ability to identify and integrate future acquisitions; the ability to grow and expand its main business; the 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
The Company announce material information about the Company and its services and for complying with its 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 the Company posts through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following its website, press releases, SEC filings and public conference calls and webcasts. The social media channels that the Company intends to use as a means of disclosing the information described above may be updated from time to time as listed on its website.
For inquiries, please contact: Info@megamatrix.io
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SOURCE Mega Matrix Inc.