[6-K] Jiuzi Holdings, Inc. Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Jiuzi Holdings (JZXN) reported that shareholders approved two phased share consolidations and a new charter at Extraordinary General Meetings on October 24, 2025.
In Phase I, every five issued and unissued ordinary shares of par value $0.00039 were consolidated into one share of par value $0.00195. After Phase I, the authorized share capital remains $9,750,000, divided into 5,000,000,000 shares at $0.00195 par value.
In Phase II, every forty issued and unissued ordinary shares of par value $0.00195 were consolidated into one share of par value $0.078. After Phase II, the authorized share capital remains $9,750,000, divided into 125,000,000 shares at $0.078 par value. Shareholders also approved the Sixth Amended and Restated Memorandum and Articles of Association, which fully replaces the prior charter.
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Insights
Administrative share consolidations and charter update; neutral impact.
The company executed a two-step reverse share consolidation: first 5-to-1 (par to $0.00195), then 40-to-1 (par to $0.078). At each step, the total authorized capital remains $9,750,000, with the share count adjusted to 5,000,000,000 after Phase I and 125,000,000 after Phase II.
This action restructures the share count and par value but does not by itself change the aggregate authorized dollar amount. Shareholder approval also adopted the Sixth Amended and Restated M&A, fully substituting the prior charter.
The filing lists approvals dated October 24, 2025. Any market effects would depend on subsequent implementations and disclosures; the excerpt focuses on the approved structural changes.
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