iOThree announces extraordinary shareholder meeting

The meeting will also consider an 8-for-1 reverse split, subject to Nasdaq clearance, with fractional entitlements handled by rounding.

A further share consolidation within a 1-for-2 to 1-for-50 range may be set by the board within 730 days.

Proposals include amending the company’s articles to update the definition of an ordinary resolution and allow written shareholder resolutions by majority vote.

iOThree will hold an extraordinary general meeting in Singapore on Aug. 21, 2026.

Shareholders will vote to lift authorized ordinary shares to 1,000,000,000 from 70,000,000, expanding total authorized capital to 1,010,000,000 shares.