Mega Matrix plans 1-for-20 share consolidation of Class A ordinary shares - MPU News | RalliesMega Matrix plans 1-for-20 share consolidation of Class A ordinary shares
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MPU• Planned share consolidation and trading timeline
- Mega Matrix plans a 1-for-20 share consolidation of its Class A ordinary shares, effective 4:05 p.m. New York time on Sept. 15.
- Class A shares are set to begin trading on a post-consolidation basis on Sept. 16 on NYSE American under the symbol MPU.
- Issued Class A shares are expected to fall to about 3,124,608 from 62,492,148, subject to rounding.
- Fractional shares will be rounded up to the next whole share.
- The move aims to lift the share price to help maintain the NYSE American listing.
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