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Oriental Culture (NASDAQ: OCG) adds 91M shares and okays future capital hikes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Oriental Culture Holding LTD held an Extraordinary General Meeting where shareholders approved a major increase in authorized ordinary share capital. The authorized share capital rises from $500,000 (including 9,000,000 ordinary shares) to $5,505,000, now including 100,000,000 ordinary shares and 100,000,000 preferred shares through the creation of 91,000,000 additional ordinary shares with a par value of $0.055 each.

Shareholders also authorized the Board to further increase share capital and authorized shares at one or multiple times within two years, provided total increased share capital does not exceed $500 million. In addition, they approved a change of registered address in the Cayman Islands and adopted a Fourth Amended and Restated Memorandum and Articles of Association reflecting these and previously approved changes.

Positive

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Insights

Shareholders approved a large expansion of authorized equity and broad future issuance authority.

Oriental Culture’s shareholders approved an increase in authorized ordinary shares to 100,000,000, adding 91,000,000 new ordinary shares at a par value of $0.055. Authorized preferred shares remain 100,000,000 at a par value of $0.00005.

The Board also received authority, for up to two years from approval, to further increase share capital and authorized shares, provided the increased share capital does not exceed $500 million. This framework permits substantial potential future equity issuance, with actual impact depending on how and when the Board uses this authority.

Shareholders additionally approved a new registered address in the Cayman Islands and adopted a Fourth Amended and Restated Memorandum and Articles of Association, consolidating these changes and prior amendments into the company’s governing documents.

 

 

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 March 2026

 

Commission File Number: 001-39734

 

Oriental Culture Holding LTD.

 

Room 1310, Tower B, Harbour View Building

Eastern District, Hong Kong

(Address of principal executive office)

 

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 ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Oriental Culture Holding LTD, a Cayman Islands Company (the “Company”) held an Extraordinary General Meeting (the “Extraordinary Meeting”) of shareholders at 10:00am on March 20, 2026, local time, at 4F, Building 30, Phase 1, Jiangsu Software Park, Xuanwu District, Nanjing City, Jiangsu Province, China. A quorum was present at the meeting as required by the Third Amended and Restated Memorandum and Articles of Association of the Company. At the Extraordinary Meeting, the shareholders of the Company approved the following ordinary resolutions: (i) the authorized share capital of the Company be increased from (a) share capital of $500,000 divided into 109,000,000 shares of which (x) 9,000,000 shares designated as ordinary shares with a par value of $0.055 per share and (y)100,000,000 shares designated as preferred shares with a nominal or par value of $0.00005 per share to (b) $5,505,000 divided into shares of which (x) 100,000,000 shares are designated as ordinary shares with a par value of $0.055 per share, and (y) 100,000,000 shares are designated as preferred shares with a nominal or par value of $0.00005 per share by creation of 91,000,000 ordinary shares with par value of $0.055 per share (the “Share Capital Increase”); (ii) the approval and authorization to the Board for the future increase of the share capital and authorized shares of the Company at any one time or multiple times during a period up to two years after the date of the approval of the authorization by the shareholders of the Company, with the exact increased numbers of share capital and authorized shares and effective time as the Board may determine from time to time in its absolute discretion provided in no event the increased share capital shall exceed $500 million, (the “Future Share Capital Increase”); and (iii) the registered address of the Company be changed to Sertus Chambers, Governors Square, Suite # 5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Islands (the “Address Change”). At the Extraordinary Meeting, the shareholders of the Company also approved a special resolution that the fourth amended and restated memorandum and articles of association of the Company (the “Fourth Amended and Restated M&A”), which contains all the proposed amendments mentioned in the proxy statement and other changes previously approved by the shareholders of the Company be and are approved and adopted in substitution for and to the exclusion of the existing memorandum and articles of association of the Company and any director, registered office provider or company secretary of the Company be and is authorized to do all such acts, deeds and things and execute all such documents and make all such arrangements that he/she shall, in his/her absolute discretion, deem necessary or expedient to give effect and implement the adoption of the Fourth Amended and Restated Memorandum and Articles of Association, including without limitation, attending to the necessary filings with the Registrar of Companies in the Cayman Islands and with any other relevant authorities.

 

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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.

 

  Oriental Culture Holding LTD
   
Date: March 24, 2026 By: /s/ Yi Shao
  Name:  Yi Shao
  Title: Chief Executive Officer

 

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FAQ

What did Oriental Culture Holding (OCG) shareholders approve at the Extraordinary General Meeting?

Shareholders approved a major increase in authorized share capital, broad future authority for the Board to raise share capital within a $500 million limit, a change of registered address in the Cayman Islands, and adoption of a Fourth Amended and Restated Memorandum and Articles of Association.

How much did Oriental Culture Holding (OCG) increase its authorized ordinary share capital?

Authorized ordinary share capital increased by 91,000,000 shares. The structure moves from 9,000,000 ordinary shares to 100,000,000 ordinary shares, each with a par value of $0.055, while authorized preferred shares remain 100,000,000 at a par value of $0.00005 per share.

What is the Future Share Capital Increase authorization approved for Oriental Culture Holding (OCG)?

Shareholders authorized the Board to increase share capital and authorized shares at one or multiple times for up to two years. The resolution caps the total increased share capital at $500 million, with exact amounts and timing determined by the Board at its discretion.

Did Oriental Culture Holding (OCG) change its registered address in this 6-K?

Yes. Shareholders approved changing the registered address to Sertus Chambers, Governors Square, Suite # 5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Islands, aligning the company’s official records with its updated corporate governance documents.

What is the Fourth Amended and Restated Memorandum and Articles for Oriental Culture Holding (OCG)?

The Fourth Amended and Restated Memorandum and Articles of Association consolidates all proposed amendments described in the proxy statement plus previously approved changes. It replaces the prior memorandum and articles and authorizes company officers to complete all related filings with Cayman and other relevant authorities.

Does Oriental Culture Holding’s (OCG) 6-K immediately issue new shares to investors?

The 6-K describes approvals to increase authorized share capital and Board authority for future increases, not specific share issuances. It establishes capacity for future equity actions, while any actual issuances would depend on separate Board decisions and related implementation steps.
Oriental Culture Holding Ltd

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