Ryde Group holds extraordinary general meeting; shareholders adopt proposals
RYDE•Ryde Group shareholders approved an increase in authorized share capital and a 1-for-150 reverse share split of Class A and Class B ordinary shares, effective Dec. 4, 2026.
1. Shareholders approve proposals
At an extraordinary general meeting on Sept. 29, 2026, Ryde Group shareholders adopted a fourth amended and restated memorandum and articles of association and approved an increase in authorized share capital. They also approved a 1-for-150 reverse share split of Class A and Class B ordinary shares, set to take effect Dec. 4, 2026.
2. Additional split terms
Shareholders approved the treatment of fractional entitlements, conditional adoption of a fifth amended articles set at the split’s effective time, and authority for directors to implement the proposals.
