STOCK TITAN

Sangrix shareholders approve 8-for-1 reverse split

Upon effectiveness, authorized share capital changes to 25,000,000,000 shares, and each class has US$0.0024 par value.

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Form Type
6-K

Rhea-AI Filing Summary

SANGRIX INC. shareholders approved an eight-for-one consolidation of the issued and unissued Class A and Class B ordinary shares, effective November 13, 2026. Fractional shares resulting from the consolidation will be rounded up to the nearest whole ordinary share. Each class’s par value changes from US$0.0003 to US$0.0024.

The authorized share capital changes from 200,000,000,000 shares to 25,000,000,000 shares. Shareholders also approved an amended and restated memorandum and articles of association, subject to and conditional upon the consolidation taking effect. All matters submitted at the meeting were approved.

Filing Explained

At the meeting, approximately 0.88% of outstanding Class A shares and all outstanding Class B shares were represented; each Class B share carried 20 votes versus one vote per Class A share, and attendees represented approximately 35.71% of total voting power.

Consolidation ratio 8-for-one Approved for Class A and Class B ordinary shares
Authorized shares before consolidation 200,000,000,000 shares Authorized share capital before the consolidation
Authorized shares after consolidation 25,000,000,000 shares Authorized share capital upon effectiveness
Class A and Class B par value US$0.0003 to US$0.0024 per share Change specified in the approved consolidation
Votes for share consolidation 1,936,152.81 votes Proposal 1
Class A ordinary shares outstanding 3,545,018 shares As of October 22, 2026
Class B ordinary shares outstanding 96,043 shares As of October 22, 2026
Share Consolidation technical
"the “Share Consolidation”"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
par value financial
"ordinary shares, of par value US$0.0003 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
authorized share capital financial
"the authorized share capital of the Company shall be changed"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
quorum regulatory
"therefore constituting a quorum of at least one-third"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
Split Ratio 1-for-8 reverse split
Effective Date November 13, 2026
Shares Before Split 3,545,018
Share Count As Of October 22, 2026

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did shareholders vote on SGRX's consolidation?

Shareholders approved the consolidation, with 1,936,152.81 votes for, 15,725.07 against and 43.93 abstaining. The approved resolution specifies an eight-for-one consolidation of issued and unissued Class A and Class B ordinary shares, effective November 13, 2026.

What will SGRX's authorized share capital be after the consolidation?

Upon effectiveness, authorized share capital will comprise 25,000,000,000 shares of US$0.0024 par value each: 23,750,000,000 Class A ordinary shares and 1,250,000,000 Class B ordinary shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 November 2026

 

Commission File Number: 001-38857

 

SANGRIX INC.

(Translation of registrant’s name into English)

 

160 Robinson Road, 12 F,

SBF Center, Singapore 068914

T: 347-556-4747

(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   x Form 40-F   ¨

 

 

 

 

 

 

On November 3, 2026, at 9:00 p.m., Singapore Time (November 3, 2026, at 8:00 a.m. Eastern Time), Sangrix Inc. (the “Company”) held an extraordinary general meeting (the “Extraordinary General Meeting”) of shareholders of Class A ordinary shares, of par value US$0.0003 per share (the “Class A Ordinary Shares”) and Class B ordinary shares, of par value US$0.0003 per share (the “Class B Ordinary Shares”) at the principal office of the Company located at 160 Robinson Road, 12 F, SBF Center, Singapore 068914.

 

As of the record date of October 22, 2026 (the “Record Date”), there were 3,545,018 Class A Ordinary Shares and 96,043 Class B Ordinary Shares outstanding. Holders of Class A Ordinary Shares as of the Record Date are entitled to one (1) vote for each Class A Ordinary Share held for each of the proposals and holders of Class B Ordinary Shares as of the Record Date are entitled to twenty (20) votes for each Class B Ordinary Share held for each of the proposals.

 

Holders of 31,061.81 Class A Ordinary Shares and holders of 96,043 Class B Ordinary Shares of the Company were present in person or by proxy at the Extraordinary General Meeting, representing approximately 0.88% of the 3,545,018 outstanding Class A Ordinary Shares and 100% of the 96,043 outstanding Class B Ordinary Shares, representing approximately 35.71% of the total voting power as of the Record Date, and therefore constituting a quorum of at least one-third of all votes attaching to the Class A Ordinary Shares and Class B Ordinary Shares outstanding and entitled to vote at the Extraordinary General Meeting as of the Record Date. All matters voted on at the Extraordinary General Meeting were approved. The final voting results for the matters submitted to a vote of shareholders at the Extraordinary General Meeting are as follows:

 

  Votes For Votes
Against
Votes
Abstain

Proposal 1: As an ordinary resolution, to approve a share consolidation of the Company’s issued and unissued Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares” and collectively with the Class A Ordinary Shares, the “Ordinary Shares”), par value US$0.0003 each, at a ratio of eight (8)-for-one (1), such that every eight (8) Class A Ordinary Shares of a par value of US$0.0003 each be consolidated into one (1) Class A Ordinary Share of a par value of US$0.0024 each, and every eight (8) Class B Ordinary Shares of a par value of US$0.0003 each be consolidated into one (1) Class B Ordinary Share of a par value of US$0.0024 each (the “Share Consolidation”), and the rounding up of any fractional shares resulting from the Share Consolidation to the nearest whole ordinary share, which shall take effect on November 13, 2026, and upon the Share Consolidation becoming effective, the authorized share capital of the Company shall be changed:

 

FROM: US$60,000,000 divided into 200,000,000,000 shares of par value US$0.0003 each, comprising of 190,000,000,000 Class A ordinary shares of par value US$0.0003 each and 10,000,000,000 Class B ordinary shares of par value US$0.0003 each.

 

TO: US$60,000,000 divided into 25,000,000,000 shares of par value US$0.0024 each, comprising of 23,750,000,000 Class A ordinary shares of par value US$0.0024 each and 1,250,000,000 Class B ordinary shares of par value US$0.0024 each.

1,936,152.81 15,725.07 43.93
Proposal 2: As a special resolution, subject to and conditional upon the effectiveness of the Share Consolidation implemented under Proposal One, to amend and restate the then effective memorandum and articles of association of the Company (the “Pre-Consolidation M&A”) in the form of the Amended and Restated Memorandum and Articles of Association attached as Annex A to the proxy statement (the “Post-Consolidation M&A”), to reflect the Share Consolidation effected pursuant to Proposal One (the “Amendment and Restatement of M&A Following the Share Consolidation”). 1,936,153.81 13,351.74 2,416.26
Proposal 3: As an ordinary resolution, to adjourn the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of all the resolutions contemplated by Proposal One, Proposal Two and Proposal Three (the “Adjournment”). 1,937,900.82 11,584.98 2,436.01

 

 

 

 

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: November 5, 2026 SANGRIX INC.
     
  By: /s/ Jinghai Jiang
  Name: Jinghai Jiang
  Title: Chief Executive Officer and Chairman of the Board

 

 

 

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