NeuralBase AI cancels shares, plans 5-for-1 split
Rhea-AI Filing Summary
NeuralBase AI Ltd. corrected the record date for its planned 5‑for‑1 forward stock split, confirming that shareholders of record on September 26, 2025 will receive four additional common shares for each share owned, with no fractional shares issued and any fractions rounded up to a full share.
The company also reported that its board approved and completed the cancellation of 24,000,000 previously issued shares on September 3, 2025, consisting of 20,000,000 common shares and 4,000,000 Series A Preferred shares, which were returned to treasury and cancelled. After this cancellation, the company had 44,790,183 common shares, 5,003,773 Series A Preferred shares, and 3,500,000 Series B Preferred shares outstanding.
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Insights
NeuralBase AI updates share count and sets 5‑for‑1 split terms.
NeuralBase AI Ltd. describes two key capital structure moves. First, the board approved cancelling 24,000,000 previously issued shares—20,000,000 common and 4,000,000 Series A Preferred—effective September 3, 2025, with those shares returned to treasury and cancelled. The transfer agent then confirmed totals of 44,790,183 common shares, 5,003,773 Series A Preferred, and 3,500,000 Series B Preferred outstanding.
Second, the board approved a 5‑for‑1 forward stock split of the issued and outstanding common stock. Shareholders of record on September 26, 2025 will receive four additional common shares for each share held, with fractional entitlements rounded up. Trading will move to a split‑adjusted basis on the payment date, which will be set after FINRA review and announced on the daily list one business day in advance. These actions are structural; their practical effect will depend on future trading and corporate developments.
8-K Event Classification
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