STOCK TITAN

Cuprina (CUPR) backs share consolidation, stronger Class B votes and 2026 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Cuprina Holdings (Cayman) Limited reported the results of its 2026 annual shareholder meeting. Shareholders reappointed J&S Associate PLT as auditor and re‑elected all director nominees. The meeting covered both routine governance and significant capital structure changes.

Investors approved a share consolidation that reduces issued Class A shares from 7,365,000 to 920,625 and issued Class B shares from 14,085,000 to 1,760,625, while keeping total authorised capital at US$50,000. They also backed increasing Class B voting rights from 10 to 100 votes per share and doubling authorised capital to US$100,000, split evenly between Class A and B.

Shareholders adopted a new Second Amended and Restated Memorandum and Articles of Association, approved the Cuprina 2026 Employee Incentive Plan, authorised potential future issuances that may result in a change of control or issuance of at least 20% of outstanding Class A shares, and allowed adjournment of the meeting if more proxy votes are needed.

Positive

  • None.

Negative

  • Substantial shift in voting control: Class B voting power increases from 10 to 100 votes per share, materially strengthening Class B holders’ influence over corporate decisions relative to Class A shareholders.
  • Potential for significant dilution and change of control: Shareholders authorised future issuances that may result in a change of control or issuance of at least 20% of outstanding Class A shares in public or non‑public financings.

Insights

Cuprina shareholders approved major voting and issuance flexibility shifts.

The meeting combines routine items with meaningful control and dilution decisions. The share consolidation restructures both issued and authorised Class A and B shares while keeping nominal capital at US$50,000 before a later increase to US$100,000. This simplifies the capital base and resets par value.

Raising Class B voting rights from 10 to 100 votes per share significantly amplifies the influence of Class B holders relative to Class A. Authorising potential issuances that may trigger a change of control or equal at least 20% of outstanding Class A shares expands financing flexibility but also introduces potential dilution.

The adoption of a Second Amended and Restated Memorandum and Articles of Association and the 2026 Employee Incentive Plan modernises governance and compensation tools around the new structure. Actual impact on existing holders will depend on how directors use the new issuance authority in future financings.

Record date shares Class A 7,365,000 Class A shares Issued and outstanding as of April 16, 2026 record date
Record date shares Class B 14,085,000 Class B shares Issued and outstanding as of April 16, 2026 record date
Post‑consolidation issued Class A 920,625 Class A shares Resulting from approved Share Consolidation
Post‑consolidation issued Class B 1,760,625 Class B shares Resulting from approved Share Consolidation
Class B voting rights 100 votes per Class B share Increased from 10 votes per share
Authorised capital after increase US$100,000 12,500,000 Ordinary Shares of US$0.008 each
Potential issuance threshold 20% of outstanding Class A shares Authorised in future financings and may change control
Share Consolidation financial
"the Company undertakes a share consolidation whereby (i) 7,365,000 issued 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.
Increase of Class B Voting Rights Proposal financial
"change in voting rights of holders of Class B Ordinary Shares from 10 votes per Class B Ordinary Share to 100 votes per Class B Ordinary Share (the “Increase of Class B Voting Rights Proposal”)"
Increase of Authorised Share Capital Proposal financial
"authorised share capital of the Company to be increased... (the “Increase of Authorised Share Capital Proposal”)."
M&A Amendment Proposal financial
"be adopted... (the “M&A Amendment Proposal”)."
Cuprina 2026 Employee Incentive Plan financial
"Shareholders approved the Cuprina 2026 Employee Incentive Plan, the form of which is set forth in Appendix B"

 

 

 

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 May 2026

 

Commission File Number: 001-42288

 

Cuprina Holdings (Cayman) Limited

(Registrant’s Name)

 

c/o Blk 1090 Lower Delta Road #06-08

Singapore 169201

(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 ☒   Form 40-F ☐

 

 

 

 
 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

Submission of Matters to a Vote of Security Holders.

 

On May 14, 2026, Cuprina Holdings (Cayman) Limited (the “Company”) held the Company’s 2026 Annual Meeting of Shareholders (the “Annual Meeting”) at c/o Blk 1090 Lower Delta Road #06-08, Singapore 169201, and via live webcast. On April 16, 2026 (the “Record Date”), the record date for the Annual Meeting, there were 7,365,000 of the Company’s Class A Ordinary Shares and 14,085,000 of the Company’s Class B Ordinary Shares issued and outstanding and entitled to vote at the Annual Meeting. 205,469 Class A Ordinary Shares, which represented approximately 2.79% of the votes of the outstanding Class A Ordinary Shares in the Company and 14,085,000 Class B Ordinary Shares, which represented 100% of the votes of the outstanding Class B Ordinary Shares in the Company, of which were represented in person or by proxy. Each holder of the Company’s Class A Ordinary Shares shall be entitled to one vote in respect of each Class A Ordinary Share held by such holder on the Record Date. Each holder of the Company’s Class B Ordinary Shares shall be entitled to ten (10) votes in respect of each Class B Ordinary Share held by such holder on the Record Date. Nine items of business were acted upon by the Company’s shareholders at the Annual Meeting, each of which was approved by the shareholders.

 

1. Shareholders approved the appointment of J&S Associate PLT as auditors of the Company for the fiscal year ending December 31, 2025, and to authorise the audit committee of the Company to fix the remuneration of the auditors. The voting results were as follows:

 

For

(Class A Ordinary Shares)

  

For

(Class B Ordinary Shares)

   Against   Abstain 
 170,755    140,085,000    30,117    4,597 

 

2. Shareholders approved the re-election of the following persons as Directors of the Company, pursuant to the Company’s Amended and Restated Memorandum and Articles of Association currently in effect, and who, being eligible, offer themselves for re-election as Directors. The voting results were as follows:

 

  

FOR

(Class A Ordinary Shares)

 

FOR

(Class B Ordinary Shares)

  AGAINST  ABSTAIN
David Quek Yong Qi (Director)  167,485  140,085,000  37,936  48
Teo Peng Kwang (Non-executive director)  167,497  140,085,000  37,936  36
Jimmy Lee Peng Siew (Non-executive director)  172,082  140,085,000  33,351  36
Koh Pee Keat  170,444  140,085,000  34,989  36
Ng Wei Chean  170,444  140,085,000  30,404  4,621
Natasha Kaur Raina  186,353  140,085,000  14,495  4,621

 

3. Shareholders approved that (A) the Company undertakes a share consolidation whereby (i) 7,365,000 issued Class A Ordinary Shares of a nominal or par value of US$0.001 each, held by the existing shareholders of the Company be consolidated into 920,625 Class A Ordinary Shares of a nominal or par value of US$0.008 each, having the rights and being subject to the restrictions set out in the Existing M&A; (ii) 17,635,000 authorised but unissued Class A Ordinary Shares of a nominal or par value of US$0.001 each in the capital of the Company be consolidated into 2,204,375 Class A Ordinary Shares of a nominal or par value of US$0.008 each, having the rights and being subject to the restrictions set out in the Existing M&A; (iii) 14,085,000 issued Class B Ordinary Shares of a nominal or par value of US$0.001 each, held by the existing shareholders of the Company be consolidated into 1,760,625 Class B Ordinary Shares of a nominal or par value of US$0.008 each, having the rights and being subject to the restrictions set out in the Existing M&A; and (iv) 10,915,000 authorised but unissued Class B Ordinary Shares of a nominal or par value of US$0.001 each in the capital of the Company be consolidated into 1,364,375 Class B Ordinary Shares of a nominal or par value of US$0.008 each, having the rights and being subject to the restrictions set out in the Existing M&A, (collectively, (i) to (iv) above, the “Share Consolidation” and the “Share Consolidation Proposal”), (B) pursuant to the Share Consolidation, the authorised share capital of the Company will be changed (i) FROM: US$50,000 divided into 50,000,000 Ordinary Shares of nominal or par value of US$0.001 each, comprising 25,000,000 Class A Ordinary Shares of nominal or par value of US$0.001 each and 25,000,000 Class B Ordinary Shares of nominal or par value of US$0.001 each. (ii) TO: US$50,000 divided into 6,250,000 Ordinary Shares of nominal or par value of US$0.008 each, comprising 3,125,000 Class A Ordinary Shares of nominal or par value of US$0.008 each and 3,125,000 Class B Ordinary Shares of nominal or par value of US$0.008 each, (C) all fractional entitlements resulting from the Share Consolidation will not be issued to the shareholders of the Company and the Company is authorised to round up any fractional shares resulting from the Share Consolidation such that each shareholder will be entitled to receive one consolidated share in lieu of any fractional share that would have resulted from the Share Consolidation. The voting results were as follows:

 

For

(Class A Ordinary Shares)

  

For

(Class B Ordinary Shares)

   Against   Abstain 
 178,950    140,850,000    25,923    206 

 

 
 

 

4. Shareholders approved the change in voting rights of holders of Class B Ordinary Shares from 10 votes per Class B Ordinary Share to 100 votes per Class B Ordinary Share (the “Increase of Class B Voting Rights Proposal”). The voting results were as follows:

 

For

(Class A Ordinary Shares)

  

For

(Class B Ordinary Shares)

   Against   Abstain 
 173,320    140,850,000    31,949    200 

 

5. Shareholders approved the authorised share capital of the Company to be increased with effect immediately after the Share Consolidation: (i) FROM: US$50,000 divided into 6,250,000 Ordinary Shares of nominal or par value of US$0.008 each, comprising (a) 3,125,000 Class A Ordinary Shares of nominal or par value of US$0.008 each and (b) 3,125,000 Class B Ordinary Shares of nominal or par value of US$0.008 each; and (ii) TO: US$100,000 divided into 12,500,000 Ordinary Shares of nominal or par value of US$0.008 each, comprising (a) 6,250,000 Class A Ordinary Shares of nominal or par value of US$0.008 each and (b) 6,250,000 Class B Ordinary Shares of nominal or par value of US$0.008 each (the “Increase of Authorised Share Capital Proposal”). The voting results were as follows:

 

For

(Class A Ordinary Shares)

  

For

(Class B Ordinary Shares)

   Against   Abstain 
 172,814    140,850,000    31,149    1,506 

 

6. Shareholders approved that subject to the Share Consolidation Proposal, the Increase of Class B Voting Rights Proposal, and the Increase of Authorised Share Capital Proposal taking effect, the proposed Second Amended and Restated Memorandum and Articles of Association of the Company, the form of which is set forth in Appendix A to the proxy statement, be adopted in its entirety and in substitution for and to the exclusion of the currently effective Amended and Restated Memorandum and Articles of Association of the Company (the “M&A Amendment Proposal”). The voting results were as follows:

 

For

(Class A Ordinary Shares)

  

For

(Class B Ordinary Shares)

   Against   Abstain 
 172,672    140,850,000    31,097    1,700 

 

7. Shareholders approved the Cuprina 2026 Employee Incentive Plan, the form of which is set forth in Appendix B to the proxy statement. The voting results were as follows:

 

For

(Class A Ordinary Shares)

  

For

(Class B Ordinary Shares)

   Against   Abstain 
 177,628    140,850,000    27,841    0 

 

8. Shareholders approved the potential issuance, in one or more public or non-public financing transactions (the terms, pricing and method of issuance to be determined by the directors of the Company at a later date), of: (i) Ordinary Shares which may result in a change of control under Nasdaq Listing Rules; or (ii) 20% or more of the outstanding Class A Ordinary Shares of the Company. The voting results were as follows:

 

For

(Class A Ordinary Shares)

  

For

(Class B Ordinary Shares)

   Against   Abstain 
 174,856    140,850,000    30,413    200 

 

9. Shareholders approved to direct the chairman of the annual general meeting to adjourn the annual general meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the meeting, there are insufficient votes to approve the proposals 1 to 8 above. The voting results were as follows:

 

For

(Class A Ordinary Shares)

  

For

(Class B Ordinary Shares)

   Against   Abstain 
 174,817    140,850,000    27,452    3,200 

 

 
 

 

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.

 

  Cuprina Holdings (Cayman) Limited
     
  By: /s/ David Quek Yong Qi
  Name: David Quek Yong Qi
  Title: Chief Executive Officer and Director

 

Date: May 14, 2026

 

 

FAQ

What key governance decisions did Cuprina (CUPR) shareholders approve at the 2026 meeting?

Shareholders reappointed J&S Associate PLT as auditor, re‑elected all director nominees, adopted a Second Amended and Restated Memorandum and Articles of Association, and approved the Cuprina 2026 Employee Incentive Plan, aligning governance and compensation with the company’s updated capital structure.

How did Cuprina (CUPR) change its share capital and par value?

Shareholders approved a share consolidation that reduces issued Class A shares from 7,365,000 to 920,625 and issued Class B shares from 14,085,000 to 1,760,625, changing nominal value from US$0.001 to US$0.008 per share while initially keeping total authorised capital at US$50,000.

What new voting rights were granted to Cuprina (CUPR) Class B shares?

Holders of Class B Ordinary Shares now have 100 votes per share, up from 10 votes previously. Class A holders remain at one vote per share, further differentiating control between the two share classes and increasing the relative influence of Class B shareholders.

How did Cuprina (CUPR) adjust its authorised share capital?

Shareholders approved increasing authorised capital from US$50,000 to US$100,000, divided into 12,500,000 Ordinary Shares of US$0.008 each, split evenly between 6,250,000 Class A and 6,250,000 Class B shares, expanding the company’s capacity to issue new equity.

What future share issuances did Cuprina (CUPR) shareholders authorise?

Investors approved potential issuances in one or more public or non‑public financings of ordinary shares that may result in a change of control under Nasdaq rules or involve at least 20% of outstanding Class A Ordinary Shares, giving directors broad future financing flexibility.

What is the Cuprina 2026 Employee Incentive Plan approved by shareholders?

Shareholders approved the Cuprina 2026 Employee Incentive Plan, detailed in Appendix B to the proxy statement. The plan is designed to grant equity‑based incentives, aligning employee and executive compensation with shareholder interests under the company’s revised capital structure.