GFAI•Guardforce AI will hold an extraordinary general meeting in Hong Kong on Oct. 27, 2026, where shareholders will vote on a 40-for-1 share consolidation, a multi-class share structure and other proposals.
The meeting will consider a capital reorganization that includes reducing par value after a 40-for-1 share consolidation, then subdividing shares into US$0.001 shares. The proposed multi-class structure would create Class A shares with one vote each, Class B shares with 20 votes each and preferred shares. Shareholders will also consider raising the 2022 equity incentive plan limit to 20% of outstanding Class A shares.
