Mega Matrix (MPU) holder Cosmic Vision cuts stake below 5% level

Rhea-AI Filing Summary

Cosmic Vision Innovations Ltd filed an amendment to its Schedule 13D reporting a reduced ownership stake in Mega Matrix Inc. The firm now beneficially owns 2,847,453 Class A ordinary shares, representing 4.56% of the class based on 62,429,548 shares outstanding as of May 26, 2026. Cosmic Vision has sole voting and dispositive power over all of these shares. During the prior sixty days it executed several open‑market sales, including 22,057 shares on May 26, 2026 and 189,785 shares on June 8, 2026, contributing to its ownership falling below the 5% reporting threshold as of June 8, 2026.

Insights

Equity ownership analyst

Large holder trims Mega Matrix stake below 5% reporting threshold.

Cosmic Vision Innovations Ltd now reports 2,847,453 Mega Matrix Class A shares, or 4.56% of the class, with sole voting and dispositive power. This reflects both its recent share sales and an increase in total shares outstanding to 62,429,548.

The filing lists multiple open‑market sales over the last sixty days, including 290,911 shares on June 3, 2026 and 189,785 shares on June 8, 2026. Crossing below 5% means Cosmic Vision is no longer a more‑than‑5% beneficial owner under disclosure rules, which can reduce future reporting frequency compared with larger block holders.

Key Figures

Beneficial ownership: 2,847,453 shares Ownership percentage: 4.56% Shares outstanding: 62,429,548 shares +3 more

6 metrics

Beneficial ownership 2,847,453 shares Cosmic Vision’s beneficially owned Mega Matrix Class A shares

Ownership percentage 4.56% Percent of Mega Matrix Class A shares represented by 2,847,453 shares

Shares outstanding 62,429,548 shares Mega Matrix Class A ordinary shares outstanding as of May 26, 2026

Sale on June 3, 2026 290,911 shares Open‑market sale of Mega Matrix Class A shares by Cosmic Vision

Sale on June 8, 2026 189,785 shares Open‑market sale of Mega Matrix Class A shares by Cosmic Vision

Sale on May 26, 2026 22,057 shares Open‑market sale of Mega Matrix Class A shares by Cosmic Vision

Key Terms

beneficial owner, sole voting power, sole dispositive power, open-market sales, +1 more

5 terms

beneficial owner financial

"the Reporting Person has ceased to be the beneficial owner of more than five percent"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole voting power financial

"The Reporting Person has sole power to vote or direct the vote with respect to the 2,847,453 Shares"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"The Reporting Person also has sole power to dispose or direct the disposition of the 2,847,453 Shares"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

open-market sales financial

"the Reporting Person effected the following open-market sales of the Issuer's Class A ordinary shares"

Open-market sales are when a shareholder or a company sells shares directly on the public stock market rather than through a private deal. Investors care because these sales increase the number of shares available for purchase—like several homeowners putting houses for sale at once—which can lower the stock price, change liquidity, and signal how confident large holders are about the company’s prospects.

Schedule 13D regulatory

"This Amendment No. 1 (this "Amendment") amends and supplements the filed on March 4, 2026"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Mega Matrix Inc

(Name of Issuer)

Class A Ordinary Shares, par value $0.001 per share

(Title of Class of Securities)

G6005C108

(CUSIP Number)

Cosmic Vision Innovations Ltd
Unit 417, Tower 2, Lippo Center, No. 89 Queensway Admiralty
Hong Kong, K3, 00000
852 95721033

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/08/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G6005C108

1

Name of reporting person

Cosmic Vision Innovations Ltd

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,847,453.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,847,453.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,847,453.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.56 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

The calculation of the percentage is based on 62,429,548 Class A ordinary shares, par value $0.001 per share, outstanding as of May 26, 2026, as reported by the Issuer in its Notice and Proxy Statement for 2026 Annual General Meeting filed on June 1, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Ordinary Shares, par value $0.001 per share
(b)	Name of Issuer: Mega Matrix Inc
(c)	Address of Issuer's Principal Executive Offices: Level 21, Market Street, CapitaSpring, SINGAPORE , 048948.
Item 1 Comment: Explanatory Note This Amendment No. 1 (this "Amendment") amends and supplements the Schedule 13D filed on March 4, 2026 (as amended to date, the "Schedule 13D") by Cosmic Vision Innovations Ltd (the "Reporting Person") relating to the Class A ordinary shares, par value $0.001 per share of Mega Matrix Inc. (the "Issuer"). Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment. Capitalized terms used but not defined in this Amendment have the respective meanings set forth in the Schedule 13D. All references in the Schedule 13D and this Amendment shall be deemed to refer to the Schedule 13D as amended and supplemented by this Amendment. The Reporting Person is filing this Amendment to reflect its new percentage beneficial ownership in the Issuer, which has decreased below 5% as a result of recent transactions conducted by the Reporting Person that reduced its shareholdings, together with an increase in the number of outstanding Class A ordinary shares of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. There are 62,429,548 Class A ordinary shares, par value $0.001 per share ("Shares"), outstanding as of May 26, 2026, as reported by the Issuer in its Notice and Proxy Statement for 2026 Annual General Meeting filed on June 1, 2026.
(b)	The Reporting Person has sole power to vote or direct the vote with respect to the 2,847,453 Shares and no shared voting power. The Reporting Person also has sole power to dispose or direct the disposition of the 2,847,453 Shares and no shared dispositive power.
(c)	During the past sixty days, the Reporting Person effected the following open-market sales of the Issuer's Class A ordinary shares: 22,057 Shares on May 26, 2026; 24,933 Shares on June 2, 2026; 290,911 Shares on June 3, 2026; 122,457 Shares on June 4, 2026; 2,404 Shares on June 5, 2026; and 189,785 Shares on June 8, 2026.
(d)	To the best knowledge of the Reporting Person, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the Shares beneficially owned by the Reporting Person.
(e)	As of June 8, 2026, the Reporting Person has ceased to be the beneficial owner of more than five percent of the Issuer's Shares.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Cosmic Vision Innovations Ltd

Signature:	/s/ Yi Shi
Name/Title:	Yi Shi / Director
Date:	06/22/2026

FAQ

What stake does Cosmic Vision Innovations now hold in Mega Matrix (MPU)?

Cosmic Vision now beneficially owns 2,847,453 Class A shares of Mega Matrix, representing 4.56% of the class. This percentage is calculated against 62,429,548 shares outstanding as of May 26, 2026, as disclosed in Mega Matrix’s 2026 annual meeting proxy.

Why did Cosmic Vision file this Schedule 13D/A amendment for Mega Matrix (MPU)?

Cosmic Vision filed the amendment to report a decrease in its beneficial ownership of Mega Matrix shares. After recent open‑market sales and an increase in shares outstanding, its ownership fell below the 5% threshold as of June 8, 2026, requiring an updated disclosure.

How many Mega Matrix (MPU) shares are outstanding according to this filing?

The filing states that Mega Matrix has 62,429,548 Class A ordinary shares outstanding as of May 26, 2026. This share count comes from the company’s Notice and Proxy Statement for its 2026 Annual General Meeting filed on June 1, 2026.

What recent trading activity did Cosmic Vision report in Mega Matrix (MPU) shares?

Cosmic Vision reported several open‑market sales over the past sixty days, including 22,057 shares on May 26, 24,933 shares on June 2, 290,911 shares on June 3, 122,457 shares on June 4, 2,404 shares on June 5, and 189,785 shares on June 8, 2026.

Does Cosmic Vision share voting or dispositive power over its Mega Matrix (MPU) shares?

No. The amendment states that Cosmic Vision has sole voting power and sole dispositive power over all 2,847,453 Mega Matrix Class A shares it beneficially owns, with no shared voting or shared dispositive power reported.