STOCK TITAN

Bit Origin Ltd (BTOG) wins approval for SANGRIX rebrand and major capital changes

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Bit Origin Ltd held an extraordinary general meeting on August 11, 2026, where all proposals were approved. As of the July 28, 2026 record date, 4,068,548 Class A ordinary shares and 92,411 Class B ordinary shares were outstanding; attendees represented 42.18% of total voting power, satisfying the quorum requirement.

Shareholders approved a special resolution to change the company name to SANGRIX INC.. They also approved increasing authorized share capital from US$15,000 (237,500,000 Class A and 12,500,000 Class B shares at US$0.00006 par value) to US$60,000,000 (950,000,000,000 Class A and 50,000,000,000 Class B shares at the same par value), and related amendments to the memorandum of association.

An ordinary resolution authorized a 5-for-1 share consolidation of both Class A and Class B ordinary shares, effective August 21, 2026, changing par value to US$0.0003 per share and adjusting authorized capital to 190,000,000,000 Class A and 10,000,000,000 Class B shares. Further special and ordinary resolutions approved post-consolidation constitutional amendments, general authorizations for directors and service providers to implement these changes, and authority to adjourn the meeting if needed.

Positive

  • None.

Negative

  • None.
Shares outstanding Class A 4,068,548 Class A Ordinary Shares Outstanding as of the July 28, 2026 record date
Shares outstanding Class B 92,411 Class B Ordinary Shares Outstanding as of the July 28, 2026 record date
Voting power present 42.18% of total voting power Voting power represented at the extraordinary general meeting
Authorized capital before increase US$15,000 Divided into 237,500,000 Class A and 12,500,000 Class B shares at US$0.00006 par value
Authorized capital after increase US$60,000,000 Divided into 950,000,000,000 Class A and 50,000,000,000 Class B shares at US$0.00006 par value
Share consolidation ratio 5-for-1 Every five Class A or Class B ordinary shares consolidated into one share
Consolidation effective date August 21, 2026 Effective date of the approved share consolidation
Post-consolidation authorized capital structure US$60,000,000 190,000,000,000 Class A and 10,000,000,000 Class B shares at US$0.0003 par value
extraordinary general meeting regulatory
"BIT ORIGIN LTD held an extraordinary general meeting of shareholders"
special resolution regulatory
"Proposal 1: By a special resolution, (a) to approve a change of the name"
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.
ordinary resolution regulatory
"Proposal 2: By an ordinary resolution, to increase the Company’s authorized share capital"
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.
share consolidation financial
"to approve a share consolidation of the Company’s issued and unissued Class A 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.
authorized share capital financial
"to increase the Company’s authorized share capital from US$15,000 divided into"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
memorandum and articles of association regulatory
"to amend and restate the then effective memorandum and articles of association of the Company"
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.

FAQ

What key decisions did Bit Origin Ltd (BTOG) shareholders approve at the August 2026 meeting?

Shareholders approved all seven proposals, including a name change to SANGRIX INC., a major authorized share capital increase, a 5-for-1 share consolidation, and amendments to the company’s memorandum and articles of association.

How did Bit Origin Ltd (BTOG) change its authorized share capital?

Authorized share capital was increased from US$15,000 (237,500,000 Class A and 12,500,000 Class B shares) to US$60,000,000, divided into 950,000,000,000 Class A and 50,000,000,000 Class B shares, each with a par value of US$0.00006.

What share consolidation did Bit Origin Ltd (BTOG) approve and when is it effective?

Shareholders approved a 5-for-1 share consolidation for both Class A and Class B ordinary shares. Every five existing shares will become one share at US$0.0003 par value, effective on August 21, 2026.

What were the voting results for Bit Origin Ltd’s (BTOG) name change to SANGRIX INC.?

The special resolution to change the company name to SANGRIX INC. received 2,476,152 votes for, 18,474 against, and 1,002 abstentions, and was therefore approved by shareholders at the extraordinary general meeting.

What quorum and voting power were present at Bit Origin Ltd’s (BTOG) extraordinary general meeting?

Holders of 647,408 Class A and 92,411 Class B shares were present, representing about 15.9% of outstanding Class A shares, 100% of Class B shares, and 42.18% of total voting power, meeting the one‑third quorum requirement.

How will Bit Origin Ltd’s (BTOG) authorized capital look after the 5-for-1 consolidation?

Assuming the prior capital increase, after the 5-for-1 consolidation the authorized capital remains US$60,000,000, divided into 190,000,000,000 Class A and 10,000,000,000 Class B ordinary shares, each with a par value of US$0.0003.

What authority was granted to Bit Origin Ltd (BTOG) directors regarding the approved changes?

An ordinary resolution granted general authorization for directors and service providers to execute documents, make required Cayman filings, update share registers, and issue replacement certificates to implement the capital increase, name change, consolidation, and related amendments.

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

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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-38857

 

BIT ORIGIN LTD

(Translation of registrant’s name into English)

 

160 Robinson Road, 12 F,

SBF Center, Singapore 068914

T: 347-556-4747

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

 

 

 

On August 11, 2026, at 10:00 p.m., Singapore Time (August 11, 2025, at 10:00 a.m. Eastern Time), BIT ORIGIN LTD held an extraordinary general meeting (the “Extraordinary General Meeting”) of shareholders of Class A ordinary shares, of par value $0.00006 per share (the “Class A Ordinary Shares”) and Class B ordinary shares, of par value $0.00006 per share (the “Class B Ordinary Shares”) at the principal office of the Company located at 160 Robinson Road, 12 F, SBF Center, Singapore 068914.

 

As of the record date of July 28, 2026 (the “Record Date”), there were 4,068,548 Class A Ordinary Shares and 92,411 Class B Ordinary Shares outstanding. Holders of Class A Ordinary Shares as of the Record Date are entitled to one (1) vote for each Class A Ordinary Share held for each of the proposals and holders of Class B Ordinary Shares as of the Record Date are entitled to twenty (20) votes for each Class B Ordinary Share held for each of the proposals.

 

Holders of 647,408 Class A Ordinary Shares and holders of 92,411 Class B Ordinary Shares of the Company were present in person or by proxy at the Extraordinary General Meeting, representing approximately 15.9% of the 4,068,548 outstanding Class A Ordinary Shares and 100% of the 92,411 outstanding Class B Ordinary Shares, representing 42.18% of the total voting power as of the Record Date, and therefore constituting a quorum of at least one-third of all votes attaching to the Class A Ordinary Shares and Class B Ordinary Shares outstanding and entitled to vote at the Extraordinary General Meeting as of the Record Date. All matters voted on at the Extraordinary General Meeting were approved. The final voting results for the matters submitted to a vote of shareholders at the Extraordinary General Meeting are as follows:

 

  Votes For Votes Against Votes Abstain
Proposal 1: By a special resolution, (a) to approve a change of the name of the Company (the “Name Change”) from “BIT ORIGIN LTD” to “SANGRIX INC.”; and (b) to authorize the directors of the Company to apply to the Registrar of Companies of the Cayman Islands for the Name Change; and that the directors be further authorised, at their sole discretion, to determine not to proceed with the change of name if, in their opinion, it is no longer desirable or in the best interests of the Company to do so within one year after the date of passing of these resolutions. 2,476,152 18,474 1,002
Proposal 2: By an ordinary resolution, to increase the Company’s authorized share capital from US$15,000 divided into 237,500,000 class A ordinary shares of a par value of US$0.00006 each and 12,500,000 class B ordinary shares of a par value of US$0.00006 each, to US$60,000,000 divided into 950,000,000,000 class A ordinary shares of a par value of US$0.00006 each and 50,000,000,000 class B ordinary shares of a par value of US$0.00006 each, by the creation of 949,762,500,000 class A ordinary shares of a par value of US$0.00006 each and 49,987,500,000 class B ordinary shares of a par value of US$0.00006 each (the “Share Capital Increase”). 2,475,429 20,083 116
Proposal 3: Subject to Proposal One and Proposal Two being passed, as a special resolution, to amend and restate the Company’s current amended and restated memorandum of association to reflect the Name Change and Share Capital Increase (the “Adoption of the Amended and Restated Memorandum”). 2,478,704 16,073 850

Proposal 4: As an ordinary resolution to approve a share consolidation of the Company’s issued and unissued Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares” and collectively with the Class A Ordinary Shares, the “Ordinary Shares”), par value US$0.00006 each, at a ratio of five (5)-for-one (1), such that every five (5) Class A Ordinary Shares of a par value of US$0.00006 each be consolidated into one Class A Ordinary Share of a par value of US$0.0003 each, and every five (5) Class B Ordinary Shares of a par value of US$0.00006 each be consolidated into one Class B Ordinary Share of a par value of US$0.0003 each(the “Share Consolidation”), and the rounding up of any fractional shares resulting from the Share Consolidation to the nearest whole ordinary share, which shall take effect on August 21, 2026, and upon the Share Consolidation becoming effective, assuming that the Share Capital Increase is approved under Proposal Two, the authorized share capital of the Company shall be changed:

 

FROM: US$60,000,000 divided into 950,000,000,000 class A ordinary shares of a par value of US$0.00006 each and 50,000,000,000 class B ordinary shares of a par value of US$0.00006 each.

 

TO: US$60,000,000 divided into 190,000,000,000 class A ordinary shares of a par value of US$0.0003 each and 10,000,000,000 class B ordinary shares of a par value of US$0.0003 each.

2,464,712 29,950 965
Proposal 5: As a special resolution, subject to and conditional upon the effectiveness of the Share Consolidation implemented under Proposal Four, to amend and restate the then effective memorandum and articles of association of the Company (the Pre-Consolidation M&A) in the form of the Amended and Restated Memorandum attached as Annex B to the amended and restated proxy statement (the Post-Consolidation M&A), to reflect the Share Consolidation effected pursuant to Proposal Four (the “Amendment and Restatement of M&A Following the Share Consolidation”). 2,479,185 15,469 974
Proposal 6: As an ordinary resolution, to approve that with respect to the matters duly approved under these resolutions at the Meeting, (a) any one or more of directors of the Company be and is/are hereby authorized to do all such acts and things and execute all such documents, which are ancillary to the Share Capital Increase, the Adoption of the Amended and Restated Memorandum, the Share Consolidation, Amendment and Restatement of M&A Following the Share Consolidation, and other proposals under the foregoing resolutions, and of administrative nature, on behalf of the Company, including under seal where applicable, as he/she/they consider necessary, desirable or expedient to give effect to the foregoing resolutions; (b) the registered office service provider of the Company be and is hereby authorized and instructed to make the necessary filings with the Registrar of Companies of the Cayman Islands in respect of the foregoing resolutions; and (c) the Company’s share registrar and/or transfer agent be and is hereby instructed to update the register of members of the Company and that upon the surrender to the Company of the existing share certificates (if any) that they be cancelled and that any director or officer of the Company be instructed to prepare, sign, seal and deliver on behalf of the Company new share certificates accordingly (from (a) to (c), the “General Authorization”). 2,474,033 20,735 860
Proposal 7: As an ordinary resolution, to adjourn the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of all the resolutions contemplated by Proposal One, Proposal Two, Proposal Three, Proposal Four, Proposal Five and Proposal Six (the “Adjournment”). 2,483,595 11,181 851

 

 

 

 

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.

 

Date: August 12, 2026 BIT ORIGIN LTD
     
  By: /s/ Jinghai Jiang
  Name: Jinghai Jiang
  Title: Chief Executive Officer, Chief Operating Officer and Chairman of the Board