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Zeta Network holders approve share consolidations

Zeta Network Group (ZNB) held an extraordinary general meeting on September 10, 2026, where shareholders representing 3,084,434 shares, or 67.79% of the 4,550,126 shares outstanding, were present, establishing a quorum.

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6-K

Rhea-AI Filing Summary

Zeta Network Group (ZNB) held an extraordinary general meeting on September 10, 2026, where shareholders representing 3,084,434 shares, or 67.79% of the 4,550,126 shares outstanding, were present, establishing a quorum. Shareholders approved seven resolutions, including a share consolidation, a share capital reduction and reorganization, a subsequent share capital increase, and several amendments to the company’s Memorandum and Articles of Association. They also approved a second share consolidation that is subject to the initial consolidation, capital reorganization, capital increase, and a “Nasdaq Notification Condition,” which requires Nasdaq to confirm a market effective date and not object, and a public announcement under Nasdaq Listing Rule 5250(e)(7).

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Filing Explained

The September 14 filing reports shareholder approval, not completed implementation, of the proposed capital and share-consolidation measures.

Shares outstanding 4,550,126 shares Total shares entitled to vote as of August 18, 2026 (4,550,125 Class A and 1 Class B)
Shares represented at meeting 3,084,434 shares Extraordinary general meeting held September 10, 2026
Quorum percentage 67.79% Proportion of total shares present in person or by proxy at the meeting
Votes for Share Consolidation Proposal 3,065,128 shares Ordinary resolution on initial share consolidation
Votes for Share Capital Reduction and Reorganization 3,065,155 shares Special resolution on share capital reduction and reorganization
Votes for Second Share Consolidation Proposal 3,065,141 shares Ordinary resolution on conditional second share consolidation
extraordinary general meeting regulatory
"held its extraordinary general meeting of shareholders (the “Meeting”) on September"
share consolidation financial
"1. Share Consolidation Proposal The shareholders approved as an ordinary resolution"
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.
Share Capital Reduction and Reorganization financial
"relating to share capital reductions being complied with (together, the “Share Capital Reduction and Reorganization”)"
Memorandum and Articles of Association regulatory
"Tenth Amended and Restated Memorandum and Articles of Association"
Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.
Nasdaq Notification Condition regulatory
"“Nasdaq Notification Condition” means that (i) the Company has submitted"
Market Effective Date regulatory
"“Market Effective Date” means the date confirmed by Nasdaq as the market effective date"

FAQ

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

What did ZNB shareholders approve at the September 10, 2026 extraordinary general meeting?
Shareholders of Zeta Network Group (ZNB) approved seven resolutions, including a share consolidation, a share capital reduction and reorganization, a share capital increase, and the Tenth, Eleventh and Twelfth Amended and Restated Memorandum and Articles of Association, plus a conditional second share consolidation.

How many ZNB shares were represented at the September 2026 extraordinary general meeting?
Holders of 3,084,434 shares (all Class A ordinary shares) were present in person or by proxy, out of 4,550,126 total shares outstanding, representing 67.79% of the voting power as of the August 18, 2026 record date, thereby constituting a quorum.

What were the voting results for ZNB’s initial Share Consolidation Proposal?
The initial Share Consolidation Proposal was approved as an ordinary resolution, with 3,065,128 shares voting for, 19,304 against, and 1 abstaining. This reflected strong support among shares present for the consolidation measure.

What is the Share Capital Reduction and Reorganization Proposal approved by ZNB shareholders?
Shareholders approved a special resolution for a Share Capital Reduction and Reorganization, subject to compliance with sections 14, 14A and 14B of the Cayman Islands Companies Act (Revised). The proposal received 3,065,155 votes for, 19,277 against, and 0 abstentions.

How did ZNB shareholders vote on the Second Share Consolidation Proposal?
The Second Share Consolidation Proposal was approved as an ordinary resolution, with 3,065,141 shares voting for, 19,291 against, and 1 abstaining. Its effectiveness is conditional on earlier capital actions becoming effective and satisfaction of the Nasdaq Notification Condition.

Which amended Memorandum and Articles of Association did ZNB approve?
Zeta Network Group shareholders approved the Tenth, Eleventh, and Twelfth Amended and Restated Memorandum and Articles of Association as special resolutions, each receiving approximately 3.06 million votes in favor and fewer than 20,000 votes against, with zero or one abstention per proposal.

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 September 2026

 

Commission File Number: 333-226308

 

ZETA NETWORK GROUP

(Translation of registrant’s name into English)

 

14 Wall Street, 20th Floor
New York, NY 10005
Tel: +1 (929) 317-2699
(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 ☐

 

 

 

 

Submission of Matters to a Vote of Security Holders.

 

Zeta Network Group (the “Company”) held its extraordinary general meeting of shareholders (the “Meeting”) on September 10, 2026, at 10:00 am local time at #3A, 3rd Floor, Huihuang Times Building, Haidian District, Beijing, China (10:00 pm Eastern time on September 9, 2026).

 

Holders of 3,084,434 shares (consisting of 3,084,434 class A ordinary shares and 0 class B ordinary shares) were present in person or by proxy at the extraordinary general meeting, representing approximately 67.79% of the total 4,550,126 shares (consisting of 4,550,125 class A ordinary shares and 1 class B ordinary shares) and therefore constituting a quorum, present in person or by proxy at the Meeting and entitled to vote at the Meeting as of the record date of August 18, 2026. The final voting results for each matter submitted to a vote of shareholders at the Meeting are as follows:

 

1. Share Consolidation Proposal

 

The shareholders approved as an ordinary resolution, that:

 

1)the share consolidation (the “Share Consolidation”) at the ratio of eight (8)-for-one (1), whereby every eight (8) class A ordinary shares with a nominal or par value of US$0.0025 each be consolidated into one (1) class A ordinary share with a nominal or par value of US$0.02 and every eight (8) class B ordinary shares with a nominal or par value of US$0.0025 each be consolidated into one (1) class B ordinary share with a nominal or par value of US$0.02, with effect from 27 July 2026 (the “Effective Date”), together with the rounding up of any fractional shares resulting from the Share Consolidation to the next whole number of consolidated shares of such class, as previously adopted by unanimous written resolution of the board of directors of the Company (the “Board”) passed on 1 July 2026 as authorized by an ordinary resolution passed at the extraordinary general meeting held on 8 May 2026, be and are hereby authorised, approved, confirmed and ratified in all respects; and

 

  2)

as a consequence of the Share Consolidation, the Company’s authorised share capital be changed:

 

From: US$32,000,000 divided into 11,200,000,000 class A ordinary shares with a nominal or par value of US$0.0025 each and 1,600,000,000 class B ordinary shares with a nominal or par value of US$0.0025 each,

 

To: US$32,000,000 divided into 1,400,000,000 class A ordinary shares with a nominal or par value of US$0.02 each and 200,000,000 class B ordinary shares with a nominal or par value of US$0.02 each.

 

For     Against     Abstain  
3,065,128     19,304     1  

 

2. Tenth Amended M&A Proposal

 

The shareholders approved as a special resolution, that:

 

1)the adoption of the tenth amended and restated memorandum and articles of association of the Company (the “Tenth Amended M&A”), annexed hereto as Exhibit 3.1, in substitution for, and to the exclusion of, the ninth amended and restated memorandum and articles of association of the Company with effect from the Effective Date, which was previously approved by a unanimous written resolution of the Board passed on 1 July 2026 as authorized by a special resolution passed at the previous extraordinary general meeting held on 8 May 2026, be and is hereby authorised, approved, confirmed and ratified in all respects; and

 

2)the Board be and is hereby authorised to do all such acts and things as the Board may consider necessary or desirable in connection with the foregoing resolutions, including without limitation, attending to the necessary filings with the Registrar of Companies in the Cayman Islands (the “Cayman Registrar”), and addressing any comments raised by the Cayman Registrar in connection with the filing of these resolutions, provided that any such acts and things shall be consistent with the intent of the foregoing resolutions.

 

For     Against     Abstain  
3,065,139     19,293     0  

 

1

 

3. Share Capital Reduction and Reorganization Proposal

 

The shareholders approved as a special resolution that, subject to all requirements prescribed by sections 14, 14A and 14B of the Companies Act (Revised) of the Cayman Islands (the “Companies Act”) relating to share capital reductions being complied with (together, the “Share Capital Reduction and Reorganization”), that:

 

1)the par value of each issued class A ordinary share with a nominal or par value of US$0.02 and each issued class B ordinary share with a nominal or par value of US$0.02 in the share capital of the Company be reduced to US$0.0001 by cancelling US$0.0199 of the paid-up capital on each issued class A ordinary share with a nominal or par value of US$0.02 and each issued class B ordinary share with a nominal or par value of US$0.02 (the “Share Capital Reduction”);

 

2)following the Share Capital Reduction, the amount deemed to be paid up on each issued share of the Company shall be US$0.0001; and

 

3)the credit arising from the Share Capital Reduction be transferred to a distributable reserve account of the Company which may be utilised by the Company as the Board may deem fit and as permitted under the Companies Act, the memorandum and articles of association of the Company in effect at the date of these resolutions (the “Existing M&A”) and all relevant applicable laws, including, without limitation, eliminating or setting off any accumulated losses of the Company (if any) from time to time.

 

4)immediately following the Share Capital Reduction:

 

a.each authorised but unissued class A ordinary share with a nominal or par value of US$0.02 be subdivided into 200 class A ordinary shares with a nominal or par value of US$0.0001 each; and

 

b.each authorised but unissued class B ordinary share with a nominal or par value of US$0.02 be subdivided into 200 class B ordinary shares with a nominal or par value of US$0.0001 each.

 

(the “Share Sub-Division”)

 

5)immediately following the Share Sub-Division, the authorised share capital of the Company be altered by the cancellation of such number of excess authorised but unissued class A ordinary shares with a nominal or par value of US$0.0001 each and authorised but unissued class B ordinary shares with a nominal or par value of US$0.0001 each as will result in the Company having authorised share capital of US$160,000 divided into 1,400,000,000 class A ordinary shares with a nominal or par value of US$0.0001 each and 200,000,000 class B ordinary shares with a nominal or par value of US$0.0001 each (the “Cancellation”); and

 

6)immediately following the Share Capital Reduction, the Share Sub-Division and the Cancellation, the authorised share capital of the Company shall be changed,

 

  FROM US$32,000,000 divided into 1,400,000,000 class A ordinary shares with a nominal or par value of US$0.02 each and 200,000,000 class B ordinary shares with a nominal or par value of US$0.02 each.

 

  TO US$160,000 divided into 1,400,000,000 class A ordinary shares with a nominal or par value of US$0.0001 each and 200,000,000 class B ordinary shares with a nominal or par value of US$0.0001 each.

 

For     Against     Abstain  
3,065,155     19,277     0  

 

2

 

4. Share Capital Increase Proposal

 

The shareholders approved as an ordinary resolution that immediately following the Share Capital Reduction and Reorganization becoming effective, the authorised share capital of the Company be increased:

 

  FROM: US$160,000 divided into 1,400,000,000 class A ordinary shares with a nominal or par value of US$0.0001 each and 200,000,000 class B ordinary shares with a nominal or par value of US$0.0001 each;

 

  TO: US$32,000,000 divided into 280,000,000,000 class A ordinary shares with a nominal or par value of US$0.0001 each and 40,000,000,000 class B ordinary shares with a nominal or par value of US$0.0001 each,

 

  by the creation of (i) 278,600,000,000 class A ordinary shares with a nominal or par value of US$0.0001 each, and (ii) 39,800,000,000 class B ordinary shares with a nominal or par value of US$0.0001 each (the “Share Capital Increase”)

 

For     Against     Abstain  
3,065,616     18,812     6  

 

5. Eleventh Amended M&A Proposal

 

The shareholders approved the proposal as a special resolution that

 

1)to amend and restate the Tenth Amended M&A by their deletion in their entirety and the substitution in their place with the eleventh amended and restated memorandum and articles of association of the Company, in the form annexed hereto as Exhibit 3.2 (the “Eleventh Amended M&A”), to reflect the Share Capital Reduction and Reorganization and the Share Capital Increase, and effective upon the Share Capital Reduction and Reorganization and the Share Capital Increase; and

 

2)to authorise the Company’s registered office provider to make any necessary filing with the Cayman Registrar in connection with the adoption of the Eleventh Amended M&A and authorise the Board to take all further actions and execute all further documents as may be necessary or advisable to carry out the intent of these resolutions.

 

For     Against     Abstain  
3,065,142     19,290     1  

 

6. Second Share Consolidation Proposal

 

The shareholders approved the proposal as an ordinary resolution that, subject to and conditional upon (A) the Share Consolidation, the Share Capital Reduction and Reorganization and the Share Capital Increase having each been approved and become effective, and (B) the Nasdaq Notification Condition (as defined below) having been satisfied in respect of the Second Share Consolidation (as defined below), and with effect from the opening of trading on the Market Effective Date (as defined below) of the Second Share Consolidation:

 

1)a share consolidation at the ratio of eight (8)-for-one (1), whereby every eight (8) class A ordinary shares with a nominal or par value of US$0.0001 each be consolidated into one (1) class A ordinary share with a nominal or par value of US$0.0008 and every eight (8) class B ordinary shares with a nominal or par value of US$0.0001 each be consolidated into one (1) class B ordinary share with a nominal or par value of US$0.0008, together with the rounding up of any fractional shares resulting from the Second Share Consolidation to the next whole number of consolidated shares of such class, be and is hereby authorised, approved, and confirmed (the “Second Share Consolidation”);

 

3

 

  2) as a consequence of the Second Share Consolidation, the Company’s authorised share capital be changed:

 

  FROM US$32,000,000 divided into 280,000,000,000 class A ordinary shares with a nominal or par value of US$0.0001 each and 40,000,000,000 class B ordinary shares with a nominal or par value of US$0.0001 each,

 

  TO US$32,000,000 divided into 35,000,000,000 class A ordinary shares with a nominal or par value of US$0.0008 each and 5,000,000,000 class B ordinary shares with a nominal or par value of US$0.0008 each;

 

3)if the Nasdaq Notification Condition is not satisfied on or before the first anniversary of the Meeting, this resolution shall lapse and the Second Share Consolidation shall not thereafter take effect.

 

For     Against     Abstain  
3,065,141     19,291     1  

 

7. Twelfth Amended M&A Proposal

 

The shareholders approved the proposal as a special resolution that,

 

1)to amend and restate the Eleventh Amended M&A by their deletion in their entirety and the substitution in their place with the twelfth amended and restated memorandum and articles of association of the Company, in the form annexed hereto as Exhibit 3.3 (the “Twelfth Amended M&A”), to reflect the Second Share Consolidation, and effective upon the Second Share Consolidation becoming effective; and

 

2)to authorise the Company’s registered office provider to make any necessary filing with the Cayman Registrar in connection with the adoption of the Twelfth Amended M&A and authorise the Board to take all further actions and execute all further documents as may be necessary or advisable to carry out the intent of these resolutions.

 

In relation to any share consolidation, “Nasdaq Notification Condition” means that (i) the Company has submitted the Company Event Notification Form to Nasdaq, (ii) Nasdaq has confirmed the market effective date and has not objected to the share consolidation, and (iii) the Company has made the public announcement required by Nasdaq Listing Rule 5250(e)(7); and “Market Effective Date” means the date confirmed by Nasdaq as the market effective date of that share consolidation.

 

For     Against     Abstain  
3,065,146     19,286     0  

 

Exhibits

 

Exhibit No.   Exhibit
3.1   Tenth Amended and Restated Memorandum and Articles of Association
3.2   Eleventh Amended and Restated Memorandum and Articles of Association
3.3   Twelfth Amended and Restated Memorandum and Articles of Association

 

4

 

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.

 

Dated: September 14, 2026

 

ZETA NETWORK GROUP  
     
By: /s/ Xiao Wen “Samantha” Huang  
Name: Xiao Wen “Samantha” Huang  
Title: Chief Executive Officer and Director  

 

5

 

Source: View Original Filing on SEC EDGAR

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