STOCK TITAN

Intercont (NCT) sets June 5 meetings on share capital and Class B voting changes

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Form Type
6-K

Rhea-AI Filing Summary

Intercont (Cayman) Limited plans to hold a Class A shareholders’ meeting and an extraordinary general meeting on June 5, 2026 in Nanjing, China. The meetings will consider proposals to increase authorised share capital, change the voting rights of Class B Ordinary Shares, amend the charter, address a “Further Revised Reverse Proposal” and deal with fractional share entitlements. If shareholders approve these items, the changes to share capital and Class B voting rights will take effect immediately upon approval.

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Insights

Intercont is asking shareholders to approve significant share structure and voting changes.

Intercont (Cayman) Limited has scheduled a Class A Meeting and an extraordinary general meeting on June 5, 2026. Proposals cover increasing authorised share capital, changing Class B Ordinary Share voting rights, charter amendments, a “Further Revised Reverse Proposal” and treatment of fractional entitlements.

These topics affect control, potential dilution and how small share fractions are handled, but the excerpt does not specify exact ratios or amounts. Actual impact will depend on detailed terms in the full meeting materials and on which proposals shareholders approve at the meetings.

extraordinary general meeting financial
"and an extraordinary general meeting of its shareholders (the “EGM”)"
Class A Ordinary Shares financial
"meeting of the holders of Class A Ordinary Shares (the “Class A Meeting”)"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
Class B Ordinary Shares financial
"Increase of Class B Ordinary Shares in the Authorised Share Capital Proposal"
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.
Charter Amendment Proposal financial
"This proposal is referred to as the “Charter Amendment Proposal” or “Proposal No. 3”"
Fractional Entitlements Proposal financial
"This proposal is referred to as the “Fractional Entitlements Proposal” or “Proposal No. 5”"

 

 

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 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

 

Commission File Number: 001-42571

 

INTERCONT (CAYMAN) LIMITED

 

39 Ocean Drive Singapore

(Address of principal executive offices)

 

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 ☐

 

 

 

 

 

 

The following exhibit is attached:

 

EXHIBIT INDEX

 

Exhibit Number   Description
99.1   Material Fact

  

1

 

 

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.

 

Date: May 12, 2026 Intercont (Cayman) Limited
     
  By:  /s/ Muchun Zhu
    Muchun Zhu
    Chief Executive Officer

 

2

 

Exhibit 99.1

 

MATERIAL FACT

 

Intercont (Cayman) Limited Announces the Meeting of the Holders of Class A Ordinary Shares and Extraordinary Shareholder Meeting

  

On May 12, 2026, The board of directors of Intercont (Cayman) Limited (“We”, “Us” or the “Company”) passed board resolutions that the Company will hold a meeting of the holders of Class A Ordinary Shares (the “Class A Meeting”) on Friday, June 5, 2026 at 9:00 a.m. (Eastern Time), and an extraordinary general meeting of its shareholders (the “EGM”) immediately following the Class A Meeting, to seek approval for:

 

In the Class A Meeting:

 

(i)to increase the authorized share capital of the Company (the “Authorised Share Capital”) to US$250,000,000.00 divided into 100,000,000,000 ordinary shares of par value of US$0.0025 each (each an “Ordinary Share”), comprising (A) 80,000,000,000 Class A Shares of a par value of US$0.0025 each (each a “Class A Share”); and (B) 20,000,000,000 Class B Shares of a par value of US$0.0025 each (each a “Class B Share”) (the “Increase of Share Capital”), by redesignation of:

 

(1)the newly increased and unissued 79,960,206,598.04 Ordinary Shares be redesignated as Class A Shares; and

 

(2)the newly increased and unissued 19,999,793,401.96 Ordinary Shares be redesignated into Class B Shares.

 

This proposal is referred to as the “Increase of Class B Ordinary Shares in the Authorised Share Capital Proposal” or “Proposal No. 1

 

(ii)following the Increase of Share Capital, to change Class B Share Voting Right from thirty (30) votes per one Class B Share to one hundred (100) votes per one Class B Share on all matters subject to the votes at general meetings of the Company (the “Change of Voting Right of Class B Shares”).

 

This proposal is referred to as the “Change of Voting Right of Class B Shares Proposal” or “Proposal No. 2

 

In the EGM:

 

(i)to increase the authorized share capital of the Company (the “Authorised Share Capital”) to US$250,000,000.00 divided into 100,000,000,000 ordinary shares of par value of US$0.0025 each (each an “Ordinary Share”), comprising of (A) 80,000,000,000 Class A Shares of a par value of US$0.0025 each (each a “Class A Share”); and (B) 20,000,000,000 Class B Shares of a par value of US$0.0025 each (each a “Class B Share”) (the “Increase of Share Capital”), by redesignation of:

 

(1)the newly increased and unissued 79,960,206,598.04 Ordinary Shares be redesignated as Class A Shares; and

 

(2)the newly increased and unissued 19,999,793,401.96 Ordinary Shares be redesignated into Class B Shares.

 

This proposal is referred to as the “Increase of Share Proposal” or “Proposal No. 1

 

(ii)following the Increase of Share Capital, to change Class B Share Voting Right from thirty (30) votes per one Class B Share to one hundred (100) votes per one Class B Share on all matters subject to the votes at general meetings of the Company (the “Change of Voting Right of Class B Shares”).

 

This proposal is referred to as the “Change of Voting Right of Class B Shares Proposal” or “Proposal No. 2

 

 

 

 

(iii)subject to and conditional upon approval by the shareholders of Proposal No. 1, and Proposal No. 2 and all requisite class consents being obtained, to adopt the third amended and restated articles of association of the Company (the “AR M&A”) in replacement of the second amended and restated memorandum and articles of association as adopted on January 26, 2026 (the “Existing Articles”) to reflect the Increase of Share Capital, the Change of Voting Right of Class B Shares and other clarification changes.

 

This proposal is referred to as the “Charter Amendment Proposal” or “Proposal No. 3

 

(iv)following the Increase of Share Capital, to effect a reverse share split to the Company’s authorised issued and unissued Class A Shares by way of a consolidation (the “Share Consolidation”) at an exchange ratio which is no less than one-for-two (1:2) and no greater than one-for-one thousand (1:1000) (the “Further Revised RS Ratio”) such that the number of authorised issued and unissued Class A is decreased by the Further Revised RS Ratio and the par value of each authorised, issued and outstanding Class A is increased by the Further Revised RS Ratio (together, the “Further Revised Reverse Share Split”), with such Further Revised Reverse Share Split to be effected at such time and date, if at all, and at a precise Further Revised RS Ratio up to a maximum of one-for-one thousand (1:1000), in each case, as determined by the Directors at their discretion within a period of five years of obtaining the requisite shareholder approval for the Further Revised Reverse Share Split (the “Further Revised Effective Time”).

 

This proposal is referred to as the “Further Revised Reverse Proposal” or “Proposal No. 4

 

(v)in respect of any fractional entitlements to the issued consolidated shares resulting from the Further Revised Reverse Share Split, if so determined by the Directors in their sole discretion, the Directors be and are hereby authorised to settle as they consider expedient any difficulty which arises in relation to the Share Consolidation, including but without prejudice to the generality of the foregoing capitalising 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, to the extent as permitted by the applicable laws) whether or not the same is available for distribution and applying such sum in paying up unissued Class A Shares to be issued to shareholders of the Company to round up any fractions of Class A Shares issued to or registered in the name of such shareholders of the Company following or as a result of the Share Consolidation.

 

This proposal is referred to as the “Fractional Entitlements Proposal” or “Proposal No. 5

 

The Class A Meeting and EGM will be held at Company’s office 12th Floor, Building 1, 16 Bailongjiang East Street, Jianye District, Nanjing City, Jiangsu Province, China. If approved, the change in the Company’s share capital and change of voting rights of Class B Ordinary Shares will become effective immediately upon approval by the Company’s shareholders. 

 

 

 

FAQ

What shareholder meetings did Intercont (Cayman) Limited (NCT) announce in this 6-K?

Intercont (Cayman) Limited announced a Class A Ordinary Shareholders’ meeting and an extraordinary general meeting, both scheduled for June 5, 2026 in Nanjing, China. The meetings will be held consecutively, with the extraordinary meeting immediately following the Class A Meeting.

What is the purpose of the Class A Meeting for Intercont (Cayman) Limited (NCT)?

The Class A Meeting will ask holders of Class A Ordinary Shares to vote on increasing Class B Ordinary Shares in the authorised share capital and changing the voting rights of Class B shares. These are labelled Proposal No. 1 and Proposal No. 2 for that meeting.

Which proposals will be considered at the extraordinary general meeting of Intercont (Cayman) Limited (NCT)?

The extraordinary general meeting will consider an Increase of Share Proposal, a Change of Voting Right of Class B Shares Proposal, a Charter Amendment Proposal, a Further Revised Reverse Proposal, and a Fractional Entitlements Proposal. Each proposal addresses a different aspect of share structure and governance.

When will the changes to Intercont (Cayman) Limited’s (NCT) share capital and voting rights become effective?

If shareholders approve the relevant proposals at the Class A Meeting and extraordinary general meeting, the changes to the company’s share capital and the voting rights of Class B Ordinary Shares will become effective immediately upon approval by the company’s shareholders, according to the disclosure.

Where will Intercont (Cayman) Limited (NCT) hold its June 5, 2026 shareholder meetings?

The Class A Meeting and extraordinary general meeting will take place at Intercont (Cayman) Limited’s office on the 12th Floor, Building 1, 16 Bailongjiang East Street, Jianye District, Nanjing City, Jiangsu Province, China, as specified in the materials.

Filing Exhibits & Attachments

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