Garden Stage Reclassifies 74M Outstanding Shares and 426M Authorized Ordinary Shares
Garden Stage Limited will reclassify its ordinary shares effective February 12, 2026 on the Nasdaq Capital Market. The company will redesignate 9.25 million existing shares as Class B, 64.78 million as Class A and 425.97 million unissued shares as authorized Class A.
1. Reclassification Overview
Garden Stage Limited announced a reclassification of its ordinary shares into two classes under its Second Amended and Restated Memorandum of Association. This action reorganizes both issued and unissued share capital into Class A and Class B categories to align with corporate governance requirements.
2. Updated Share Capital
Prior to reclassification, the authorized capital comprised US$50,000 divided into 490.75 million Class A and 9.25 million Class B shares. After reclassification, 9.25 million issued shares become Class B, 64.78 million issued shares become Class A, and 425.97 million unissued shares become authorized Class A shares on a one-for-one basis.
3. Nasdaq Listing Effective Date
The reclassification will take effect on the Nasdaq Capital Market on February 12, 2026, enabling the newly designated share classes to trade under the company’s existing listing. Shareholders will see the new class structure reflected in their holdings on that date.
4. Governance and Capital Flexibility
The company retains the power to redeem or purchase shares and to adjust its capital in compliance with the Companies Act and its Articles of Association. This flexibility allows Garden Stage to issue shares with or without special privileges, or subject to conditions or restrictions, as needed.