Ucommune (Nasdaq: UK) sets shareholder vote on share hike and reverse splits
Rhea-AI Filing Summary
Ucommune International Limited has called an extraordinary general meeting of shareholders for February 9, 2026 in Beijing, with shareholders of record at the close of business on January 8, 2026 entitled to vote. Shareholders are being asked first to approve a major change to the company’s capital structure by increasing and redesignating authorised share capital from US$600,000 divided into 25,000,000 shares to US$72,000,000 divided into 3,000,000,000 shares, significantly expanding the number of Class A ordinary, Class B ordinary, and Series A preferred shares the company can issue.
The meeting will also consider a series of contingent reverse share splits, beginning with a first tranche that could range from a sixteen‑for‑one to a four‑for‑one split, depending on whether the company meets Nasdaq Capital Market continued listing requirements, including minimum publicly held shares. Additional second, third and fourth tranches would allow further reverse splits, each triggered when the Class A share price is below US$1.00 or on a date selected by the board or chief executive officer. Finally, shareholders will vote on adopting a Fourth Amended and Restated Memorandum and Articles of Association to take effect after the authorised capital changes.
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Insights
Ucommune seeks broad authority for major share capital changes and staged reverse splits tied to Nasdaq requirements.
Ucommune International Limited is asking shareholders to expand authorised share capital from
The company also proposes a multi‑stage framework of reverse share splits. The first tranche could range from a sixteen‑for‑one down to a four‑for‑one ratio, with each adjustment tied to whether the company would meet Nasdaq Capital Market continued listing requirements, including the minimum publicly held shares requirement, after the split. Further second, third and fourth tranches would allow additional five‑for‑one or two‑for‑one splits whenever the Class A share price is below
These proposals centralize significant flexibility over the share structure with the board and chief executive officer, subject to this initial shareholder approval. Actual impact on existing holders will depend on whether and how often these reverse splits are implemented and whether the expanded authorised capital is later used for issuances, as well as on maintaining compliance with Nasdaq standards described in the resolutions.
FAQ
When is Ucommune (UK) holding its extraordinary general meeting?
The extraordinary general meeting of Ucommune International Limited is scheduled for 10 am on February 9, 2026, Beijing time (9 pm on February 8, 2026, U.S. Eastern time) at the company’s Beijing headquarters.
Who is entitled to vote at Ucommune’s February 2026 extraordinary general meeting?
Shareholders of Ucommune International Limited of record at the close of business on January 8, 2026, Eastern time, are entitled to receive notice of and vote at the extraordinary general meeting and any adjournments or postponements.
What change to authorised share capital is Ucommune (UK) asking shareholders to approve?
Ucommune is proposing to increase and redesignate its authorised share capital from US$600,000 divided into 25,000,000 shares (including Class A ordinary, Class B ordinary and Series A preferred shares) to US$72,000,000 divided into 3,000,000,000 shares, mainly by creating additional authorised but unissued Class A ordinary and Series A preferred shares and redesignating some authorised Class B shares into Class A shares.
What reverse share splits has Ucommune proposed in this 6-K filing?
Shareholders are being asked to approve a series of potential reverse share splits. The first tranche allows a reverse split of the authorised share capital with ratios ranging from sixteen‑for‑one down to four‑for‑one, adjusted if the company would not meet Nasdaq Capital Market continued listing standards, including the minimum publicly held shares requirement. Additional second, third and fourth tranches would permit further five‑for‑one or two‑for‑one reverse splits under similar conditions.
How are Nasdaq listing standards referenced in Ucommune’s reverse split proposals?
The proposed reverse split framework states that after a reverse split at a given ratio, if the company would not be in compliance with the continued listing standards of The Nasdaq Capital Market, including but not limited to the minimum publicly held shares requirement, the ratio would be reduced stepwise (for example from sixteen‑for‑one to twelve‑point‑five‑to‑one, and so on) until a compliant ratio is reached within the specified range.
What other corporate governance change will Ucommune (UK) shareholders vote on?
In addition to the authorised share capital increase and the reverse share split framework, shareholders are asked to approve adopting a Fourth Amended and Restated Memorandum and Articles of Association, which would take effect immediately after the increase and redesignation of authorised share capital becomes effective.
What does Ucommune (UK) say about its business in this document?
The company describes itself as China’s leading agile office space manager and provider, operating a large-scale intelligent agile office ecosystem across economically vibrant regions in China, with self‑operated models such as U Space, U Studio and U Design, and asset‑light models including U Brand and U Partner.