STOCK TITAN

BILI Social (AGGI) enacts 1-for-500 reverse split and rebrands from Allied Energy

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BILI Social International, Inc., formerly Allied Energy, Inc., is implementing a 1-for-500 reverse stock split of its common stock, effective June 5, 2026. This will reduce outstanding shares from 20,194,429,021 to approximately 40,388,859.

The company is also changing its corporate name to BILI Social International, Inc. and its OTC trading symbol. The shares will trade under the temporary symbol “AGGID” for about 20 business days and then under “BSCL.” A written consent of stockholders representing 51.3% of the voting securities approved the reverse split, name change, and symbol change.

Positive

  • None.

Negative

  • None.

Insights

Large reverse split and rebranding reset share structure.

The company is consolidating its common stock at a 1-for-500 ratio, cutting outstanding shares from over 20.19 billion to about 40.39 million. This is a structural change to the equity base rather than a change in underlying business performance.

Majority stockholder written consent of 51.3% provided the required approval, and FINRA has processed the actions effective June 5, 2026. The stock will briefly trade under “AGGID” before moving to “BSCL,” so trading history will span multiple symbols around the effective date.

Item 3.03 Material Modification to Rights of Security Holders Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Reverse split ratio 1-for-500 Common stock consolidation ratio
Pre-split shares outstanding 20,194,429,021 shares Common stock before reverse split
Post-split shares outstanding approximately 40,388,859 shares Common stock after reverse split
Majority approval 51.3% of outstanding voting securities Stockholder written consent on March 2, 2026
Effective trading date June 5, 2026 Reverse split, name and symbol change effective in market
Temporary post-split symbol AGGID Used for about 20 business days after effective date
New permanent symbol BSCL Symbol after AGGID period ends
Reverse Stock Split financial
"a reverse stock split of the Company’s issued and outstanding shares of common stock"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Name Change regulatory
"change the Company’s name to BILI Social International, Inc. (the “Name Change”)"
Symbol Change market
"change the Company’s OTC stock trading symbol (the “Symbol Change”)"
FINRA regulatory
"were processed and announced by FINRA on June 4, 2026"
FINRA is the U.S. self‑regulatory organization that oversees brokerage firms and individual brokers, setting and enforcing rules to protect investors and keep markets orderly. Think of it as a referee and rulebook keeper for the broker industry: it licenses brokers, monitors their behavior, enforces standards, and runs complaint and arbitration systems, so investors can check records and have a path to resolve disputes.
Amended Articles regulatory
"The Company filed an Amendment to the Articles of Incorporation (the “Amended Articles”)"
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false --12-31 0001109262 0001109262 2026-03-02 2026-03-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 4, 2026 (March 2, 2026)

 

Commission File No. 000-30053

 

BILI Social International, Inc.

(Exact name of registrant as specified in its charter)

 

Florida   22-3084979
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)

 

625 Broad Street

2nd Floor, Suite 240

Newark, New Jersey 07102

(Address of principal executive offices, zip code)

 

1-888-458-2454

(Registrant’s telephone number, including area code)

 

Allied Energy, Inc.

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 Securities registered pursuant to Section 12(b) of the Act: None.

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
N/A N/A N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 
 

 

   

 

 

Item 3.03 Material Modification to Rights of Security Holders.

 

To the extent required by Item 3.03 of Form 8-K, the information regarding the Reverse Stock Split (as defined below) contained in Item 5.03 of this Current Report on Form 8-K is incorporated by reference herein.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws.

 

As previously announced, on March 2, 2026, the Board of Directors of Allied Enery, Inc., a Florida corporation (the “Company”) approved to (i) change the Company’s name to BILI Social International, Inc. (the “Name Change”), (ii) change the Company’s OTC stock trading symbol (the “Symbol Change”), and (iii) a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”) at a ratio of 1-for-500 (the “Reverse Stock Split”). The Company filed an Amendment to the Articles of Incorporation (the “Amended Articles”) with the Secretary of State of the State of Florida on May 28, 2026, to become effective on the effective date as announced by FINRA.

 

The shareholders of the Company, by written consent of the majority stockholders representing 51.3% of the outstanding voting securities, also approved of the Name Change, Symbol Change, and Reverse Stock Split on March 2, 2026.

 

The Name Change, Symbol Change, Reverse Stock Split were processed and announced by FINRA on June 4, 2026, and shall take effect in the market on June 5, 2026 (the “Effective Date”). The shares of Common Stock will begin trading on a post-split basis under the trading symbol “AGGID”, temporarily allotted for twenty (20) days. After 20 business days, the symbol will become “BSCL”

 

In connection with the Reverse Stock Split, the CUSIP number for the Common Stock will change to 019153 204.

  

Split Adjustment; Treatment of Fractional Shares

 

As a result of the Reverse Stock Split, on the Effective Date, each five hundred (500) shares of Common Stock outstanding will automatically combine into one (1) new share of Common Stock without any action on the part of the holders, and the number of outstanding shares Common Stock will be reduced from 20,194,429,021 shares to approximately 40,388,859 shares.

 

No fractional shares of Common Stock will be issued as a result of the Reverse Stock Split. Instead, in lieu of any fractional shares to which a holder of shares of Common Stock would otherwise be entitled as a result of the Reverse Stock Split (after aggregating all fractional shares such holder would otherwise be entitled to receive), the Company shall pay cash (without interest) for such holder’s fractional share equal to the product of the closing sales price of our Common Stock as reported on the OTC Markets on the trading day immediately preceeding the Effective Date multiplied by the fractional share that such holder would otherwise be entitled to receive. After the Reverse Stock Split, then-current stockholders would have no further interest in our Company with respect to their fractional shares.

 

Amended Articles

 

The above description of the Amended Articles reflecting the Name Change and Reverse Stock Split is a summary of the material terms thereof and is qualified in its entirety by reference to the Amended Articles, a copy of which is attached hereto as Exhibit 3.1, as filed with the Secretary of State of the State of Florida on May 28, 2026 (effective as of June 5, 2026).

  

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit No.   Description
3.1   Amended Articles filed with the Secretary of State of the State of Florida on May 28, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  BILI Social International, Inc.  
       
Dated: June 4, 2026   /s/ Adrian Capobianco  
    By: Adrian Capobianco  
    Chief Executive Officer  
       

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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FAQ

What reverse stock split did BILI Social International, Inc. (AGGI) approve?

BILI Social International, Inc. approved a 1-for-500 reverse stock split of its common stock. Every 500 existing shares will automatically combine into one new share, significantly reducing the number of shares outstanding without changing each investor’s overall proportional ownership.

How many BILI Social International (AGGI) shares will be outstanding after the reverse split?

After the 1-for-500 reverse stock split, outstanding common shares will decrease from 20,194,429,021 to approximately 40,388,859. This consolidation reduces the share count while keeping the company’s total equity value broadly aligned with pre-split levels, aside from market-driven price changes.

When does the BILI Social International (AGGI) reverse stock split take effect?

The reverse stock split takes effect in the market on June 5, 2026. FINRA processed and announced the name change, symbol change, and reverse split on June 4, 2026, with trading on a post-split basis beginning the following trading day.

What is the new trading symbol for BILI Social International (AGGI) after the split?

Following the reverse split, shares will initially trade under the temporary symbol “AGGID” for about 20 business days. After this period, the symbol will change again to “BSCL,” reflecting the company’s new name, BILI Social International, Inc.

How were fractional shares handled in the BILI Social International (AGGI) reverse split?

No fractional shares will be issued in the reverse stock split. Instead, holders entitled to fractional shares will receive cash equal to the closing sale price on the trading day before the effective date, multiplied by the fractional share they otherwise would have received.

Did shareholders of BILI Social International (AGGI) approve the reverse split and name change?

Yes, shareholders approved the reverse split, name change, and symbol change by written consent. Majority stockholders representing 51.3% of the company’s outstanding voting securities provided this consent on March 2, 2026, authorizing the corporate actions.

Filing Exhibits & Attachments

4 documents