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.

Argus Sep 3 session 4 alerts

+6.66% close to close 12.0x rel. volume Open Argus

Details

Market move: MPU +6.66% in the Sep 3 session. 1-for-20 share consolidation

+9.1% Peak Tracked

$14.89M Mkt Cap at Peak Alert

On Sep 3, the first trading day after this news, MPU closed 6.66% above the previous close. Argus tracked a peak move of +9.1% during that session. Our momentum scanner recorded 4 alerts for this stock that day. Relative volume reached 12.0x the daily average during tracking.

Data tracked by StockTitan Argus for the Sep 3 session.

Key Figures

Share consolidation ratio: 20 Shares into 1 Share Existing par value: USD0.001 per share Post-consolidation par value: USD0.02 per share +3 more

Share consolidation ratio

20 Shares into 1 Share

Approved at the extraordinary general meeting

Existing par value

USD0.001 per share

Ordinary shares before consolidation

Post-consolidation par value

USD0.02 per share

Ordinary shares after consolidation

Effective date

September 15, 2026

Share consolidation implementation date

Authorized share capital

USD1,110,000

Authorized capital after the share consolidation

Post-consolidation Class A shares

50,000,000 shares

Authorized Class A ordinary shares

Historical Context

5 past events · Latest: Jul 21

5 events

1. Jul 21

   Sports drama launch

   24h Move

   -3.2%

   FlexTV launched a new sports comeback short-drama series

2. Jul 02

   Annual report filing

   24h Move

   +1.9%

   Company announced availability of its 2025 Form 20-F annual report

3. Jun 25

   Annual meeting results

   24h Move

   -7.5%

   Shareholders approved potential share consolidation and related governance proposals

4. Jun 11

   Market activity response

   24h Move

   -5.1%

   Company reported no undisclosed material development behind unusual trading activity

5. Apr 27

   Compensation disclosure correction

   24h Move

   -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.

Key Terms

share consolidation, par value, ordinary resolution, special resolution

4 terms

share consolidation financial

"approved a proposal ... that all the Company's class A, class B and class C ordinary shares"

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.

par value financial

"ordinary shares of par value USD0.001 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

ordinary resolution regulatory

"approved a proposal, as an ordinary resolution"

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"

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.

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

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SINGAPORE, Sept. 2, 2026 /PRNewswire/ -- Mega Matrix Inc. (NYSE American: MPU or "Company") today announced the results of its Extraordinary General Meeting which was held on September 1, 2026 at 10:30 a.m. at the offices of the Company located at Level 21, 88 Market Street, CapitaSpring, Singapore 048948.

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 USD0.001 each, whether issued or unissued (collectively, the "Shares"), be consolidated at a ratio of twenty (20) Shares into one (1) Share of par value USD0.02, 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 (the "Share Consolidation"); (b) the Company's authorized share capital be altered from USD1,110,000 divided into 1,000,000,000 class A ordinary shares of par value USD0.001 each, 50,000,000 class B ordinary shares of par value USD0.001 each, 50,000,000 class C ordinary shares of par value USD0.001 each, and 10,000,000 preferred shares of par value USD0.001 each to USD1,110,000 divided into 50,000,000 class A ordinary shares of par value USD0.02 each, 2,500,000 class B ordinary shares of par value USD0.02 each, 2,500,000 class C ordinary shares of par value USD0.02 each, and 10,000,000 preferred shares of par value USD0.001 each as a result of the Share Consolidation; (c) no fractional Shares be issued in connection with the Share Consolidation and, in the event that a shareholder would otherwise be entitled to receive a fractional Share upon the Share Consolidation, the total number of Shares to be received by such shareholder be rounded up to the next whole Share; (d) the Share Consolidation shall take effect from September 15, 2026; and (e) any one director or officer of the Company be and is hereby authorised, for and on behalf of the Company, to do all such other acts or things necessary or desirable to implement, carry out and give effect to the Share Consolidation, if and when deemed advisable by the Board in its sole discretion; and

(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

View original content:https://www.prnewswire.com/news-releases/mega-matrix-inc-announces-results-of-its-extraordinary-general-meeting-302868259.html

SOURCE Mega Matrix Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Mega Matrix (MPU) approve at its Extraordinary General Meeting in September 2026?

Shareholders of Mega Matrix (MPU) approved a 20-for-1 consolidation of all Class A, B and C ordinary shares and adopted a fourth amended and restated memorandum and articles of association to reflect this share consolidation.

What is the share consolidation ratio for Mega Matrix (MPU)?

Mega Matrix shareholders approved a 20-for-1 share consolidation. Every twenty existing Class A, B or C ordinary shares of USD0.001 par value will be consolidated into one share of the same class with a par value of USD0.02.

When will the Mega Matrix (MPU) share consolidation take effect?

The resolution states that the Mega Matrix share consolidation shall take effect from September 15, 2026. Directors are authorized to take all necessary actions to implement, carry out and give effect to the consolidation.

How will Mega Matrix (MPU) handle fractional shares in the 20-for-1 consolidation?

Mega Matrix will not issue fractional shares in the consolidation. If a shareholder would otherwise be entitled to a fractional share, the total number of shares for that holder will be rounded up to the next whole share.

How is Mega Matrix (MPU) changing its authorized share capital after the consolidation?

After the consolidation, authorized share capital remains USD1,110,000 but is restructured into 50,000,000 Class A, 2,500,000 Class B and 2,500,000 Class C ordinary shares at USD0.02 par value each, plus 10,000,000 preferred shares at USD0.001 par value.

Why did Mega Matrix (MPU) adopt a fourth amended and restated memorandum and articles of association?

Shareholders approved a special resolution to adopt the fourth amended and restated memorandum and articles of association in substitution for the third version, in order to reflect the changes resulting from the approved share consolidation.

Where can investors follow Mega Matrix (MPU) for material disclosures and updates?

Mega Matrix states that material information may be posted on its website www.megamatrix.io and via social media channels including X (@MegaMatrixMPU), Facebook, LinkedIn, TikTok (@flextv_english) and YouTube (@FlexTV_English, English channel).