GMEX Robotics to Consolidate Shares 1-for-7 Class A, 1-for-28 Class B on May 1
GMEX Robotics will consolidate Class A shares 1-for-7 and Class B shares 1-for-28 on May 1, 2026, raising par value to $0.0896. This cuts Class A shares from 6.0 million to 858,157 and Class B from 201,250 to 7,188 to optimize equity structure.
1. Share Consolidation Details
GMEX Robotics will consolidate its issued and unissued Class A ordinary shares at a 1-for-7 ratio and Class B ordinary shares at a 1-for-28 ratio, effective May 1, 2026, with post-consolidation par value of $0.0896. The consolidated Class A shares will continue trading on Nasdaq under the existing symbol with a new CUSIP.
2. Capital Structure Impact
Outstanding Class A shares will fall from 6,007,099 to 858,157 and Class B shares from 201,250 to 7,188. The board approved the consolidation under BVI law without requiring shareholder votes, positioning the company for strategic partnerships, acquisitions and future capital market activities.
3. Shareholder Instructions
Warrants and other equity rights will be proportionately adjusted, with fractional entitlements rounded up to one full share. Electronic account holders need not take any action, while certificate holders will receive exchange instructions from the transfer agent, Vstock Transfer LLC.