STOCK TITAN

ICZOOM Group (IZM) shareholders back 1-for-5 reverse split and possible further consolidation

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

ICZOOM Group Inc. held an extraordinary general meeting on August 14, 2026, where shareholders approved two share consolidation proposals. First, they approved an initial 1‑for‑5 consolidation of both Class A and Class B ordinary shares, increasing par value from US$0.16 to US$0.80 per share and reducing authorized shares from 35,000,000 to 7,000,000 while keeping authorized capital at US$5,600,000.

Shareholders also authorized the board to implement, at its sole discretion by February 10, 2027, a further consolidation of the post‑consolidation Class A and Class B shares at a ratio between 1‑for‑2 and 1‑for‑10, or to elect not to implement it, and empowered the directors to address fractional share entitlements through rounding-up issuances or sale of fractional shares.

Positive

  • None.

Negative

  • None.
Record date Class A shares outstanding 8,188,610 Class A Ordinary Shares Outstanding as of July 24, 2026, record date for the EGM
Record date Class B shares outstanding 3,829,500 Class B Ordinary Shares Outstanding as of July 24, 2026, each with 10 votes
Initial consolidation ratio 1-for-5 Every 5 existing Class A or Class B shares consolidated into 1 share
Par value change per share US$0.16 to US$0.80 Par value per share after the 1-for-5 consolidation
Authorized share capital US$5,600,000 Remains unchanged; structure shifts from 35,000,000 to 7,000,000 shares
Further consolidation range 1-for-2 to 1-for-10 Board-authorized consolidation range for consolidated shares
Deadline for further consolidation decision February 10, 2027 180 days after the extraordinary general meeting date
Extraordinary general meeting regulatory
"There was extraordinary general meeting (the “EGM”) of ICZOOM Group Inc."
Class B Ordinary Shares financial
"3,829,500 Class B Ordinary Shares outstanding, each share being entitled to 10 votes."
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
share consolidation financial
"the consolidation of each of the 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
"such that following the Initial Consolidation, the authorised share capital of the Company"
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.
fractional entitlements financial
"any difficulty which arises in relation to the Further Consolidation including, but ... fractional entitlements"
Fractional entitlements occur when a corporate action (like a dividend, stock split, rights offering or consolidation) would give a shareholder a non-whole share or security — for example, 0.5 of a share. Companies typically settle these fractions by paying a small cash amount or rounding up/down, and this matters to investors because it changes cash balances, can slightly alter ownership percentages, and may have small tax and record-keeping implications, much like receiving change after splitting a bill.

FAQ

What did ICZOOM Group Inc. (IZM) shareholders approve at the August 2026 EGM?

Shareholders approved an initial 1‑for‑5 share consolidation for both Class A and Class B shares and authorized the board to consider a further 1‑for‑2 to 1‑for‑10 consolidation by February 10, 2027, or decide not to proceed.

How does the initial share consolidation affect ICZOOM (IZM) share structure?

The initial consolidation combines every 5 existing shares into 1, raising par value from US$0.16 to US$0.80 and reducing authorized shares from 35,000,000 to 7,000,000, while keeping total authorized capital at US$5,600,000.

What flexibility did ICZOOM (IZM) shareholders give the board for further consolidation?

Shareholders authorized the board to implement a further consolidation of consolidated shares at a ratio between 1‑for‑2 and 1‑for‑10 by February 10, 2027, or to choose not to implement it, at the board’s sole discretion.

What were ICZOOM (IZM) voting results for the initial 1‑for‑5 consolidation?

For the initial consolidation, 78,421.80 Class A shares (71.933%) and 3,829,500 Class B shares (100%) voted FOR, while 30,124.63 Class A shares (27.632%) voted AGAINST and small amounts abstained.

How did ICZOOM (IZM) shareholders vote on the potential further consolidation range?

For the further consolidation authority, 79,963.35 Class A shares (73.347%) voted FOR and 28,489.01 (26.132%) AGAINST, while Class B votes were more divided: 1,969,500 (51.430%) FOR and 1,860,000 (48.570%) AGAINST.

How will ICZOOM (IZM) handle fractional shares from the further consolidation?

Directors are authorized either to capitalize reserves to issue additional shares to round up fractions or to sell fractional share positions and distribute the net proceeds proportionally among affected shareholders.

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: 001-41645

 

ICZOOM GROUP INC.

(Registrant’s Name)

 

Room 3801, Building A, Sunhope e·METRO, No. 7018 Cai Tian Road

Futian District, Shenzhen

Guangdong, China, 518000

Tel: 86 755 86036281

(Address of Principal Executive Offices)

 

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

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

 

There was extraordinary general meeting (the “EGM”) of ICZOOM Group Inc. (the “Company”) held on August 14 at 10:00 a.m. (Local Time) at No. 4489, Hangtang Highway, Fengcheng Town, Fengxian District, Shanghai, China. At the close of business on July 24, 2026, the record date for the determination of shareholders entitled to vote, there were 8,188,610 Class A Ordinary Shares outstanding, with each share entitled to one vote, and 3,829,500 Class B Ordinary Shares outstanding, each share being entitled to 10 votes. Holders of 109,020.01 Class A Ordinary Shares and 3,829,500 Class B Ordinary Shares of the Company on July 24, 2026 were present in person or by proxy at the EGM and constituted a quorum.

 

At the EGM, the shareholders of the Company voted and approved each of the following resolutions, pursuant to the accompanying voting results, with the complete proposals as were set forth in the Notice of the EGM that was filed with the Securities and Exchange Commission on July 27, 2026:

 

Proposal 1: pursuant to Article 19.1 of the Articles of Association of the Company, the consolidation of each of the issued and unissued class A ordinary shares (“Class A Shares”) of a par value of US$0.16 each and class B ordinary shares (“Class B Shares”) of a par value of US$0.16 each at a ratio one (1) — for-five (5) (the “Initial Consolidation”) be and is hereby approved such that (i) every 5 existing (A) authorised but unissued Class A Shares of a par value of US$0.16 each and (B) authorised and issued Class A Shares of a par value of US$0.16 each be consolidated into 1 Class A Share of a par value of US$0.80 each, and (ii) every 5 existing (X) authorized but unissued Class B Shares of a par value of US$0.16 each and (Y) authorised and issued Class B Shares of a par value of US$0.16 each be consolidated into 1 Class B Share of a par value of US$0.80 each, such that following the Initial Consolidation, the authorised share capital of the Company of US$5,600,000 divided into 35,000,000 shares of a par value of US$0.16 each, comprising (a) 30,000,000 class A ordinary shares of a par value of US$0.16 each and (b) 5,000,000 class B ordinary shares of a par value of US$0.16 each will become the authorised share capital of US$5,600,000 divided into 7,000,000 shares of a par value of US$0.80 each, comprising (a) 6,000,000 class A ordinary shares of a par value of US$0.80 each and (b) 1,000,000 class B ordinary shares of a par value of US$0.80 each, with the following vote:

 

78,421.80 Class A Shares (71.933%) voting FOR, 30,124.63 Class A Shares (27.632%) voting AGAINST, and 473.58 Class A Shares (0.434%) ABSTAINING, and

 

3,829,500 Class B Shares (100%).voting FOR, 0 Class B Shares (0%) voting AGAINST, and 0 Class B Shares (0%) ABSTAINING.

 

Proposal 2: pursuant to the Article 19.1 of the Articles of Association of the Company, the consolidation of (i) each of the issued and unissued Class A ordinary shares with a par value of US$0.80 each (the “Consolidated Class A Shares”); and (ii) each of the issued and unissued Class B ordinary shares with a par value of US$0.80 each (the “Consolidated Class B Shares”) each at a ratio of not less than one (1)-for two-(2) and not more than one (1)-for- ten (10) (the “Range”), with the exact ratio to be set at a whole number within the Range and the exact date to be determined by the board of directors (the “Board”) in its sole discretion by no later than February 10, 2027, being 180 days after the date of the Extraordinary Meeting (the “Further Consolidation”);

 

the Board be authorized at its absolute and sole discretion to either (i) implement the Further Consolidation and determine the exact ratio of the Further Consolidation and effective date of such Further Consolidation by no later than February 10, 2027, being 180 days after the date of the Extraordinary Meeting or (ii) elect not to implement the Further Consolidation, and any one director or officer of the Company be and is hereby authorized, 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 Further Consolidation, if and when deemed advisable by the Board in its sole discretion; and

 

the Directors be and are hereby authorized to settle as they consider expedient any difficulty which arises in relation to the Further Consolidation including, but without prejudice to the generality of the foregoing, in respect of any fractional entitlements to the issued consolidated shares resulting from the Further Consolidation, (a) capitalizing all or any part of any amount for the time being standing to the credit of any reserve or fund of the Company (including its share premium account and profit and loss account) whether or not the same is available for distribution and applying such sum in paying up unissued shares to be issued to shareholders of the Company to round up any fractions of shares issued to or registered in the name of such shareholders of the Company following or as a result of the Further Consolidation or (b) arranging for the sale of any Consolidated Class A Shares representing fractions and the distribution of the net proceeds of sale (after deduction of the expenses of such sale) in due proportion amongst the shareholders of the Company who would have been entitled to the fractions, and for this purpose the Directors may authorize some persons to transfer the Consolidated Class A Shares representing fractions to the purchaser of such shares (who will not be bound to see to the application of the purchase money) or the Company, with the following vote:

 

79,963.35 Class A Shares (73.347%) voting FOR, 28,489.01 Class A Shares (26.132%) voting AGAINST, and 567.65 Class A Shares (0.521%) ABSTAINING, and

 

1,969,500 Class B Shares (51.430%).voting FOR, 1,860,000 Class B Shares (48.570%) voting AGAINST, and 0 Class B Shares (0%) ABSTAINING.

 

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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.

 

  ICZOOM Group Inc.
     
Date: August 14, 2026 By: /s/ Lei Xia
  Name:   Lei Xia
  Title: Chief Executive Officer

 

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