Ucommune International holds extraordinary shareholder meeting
UK•Ucommune shareholders approved a conditional share consolidation with a ratio ranging from 10:1 to 2:1, and an increase in authorized capital to 1 billion shares. The measures depend on the Class A share closing bid price remaining below $1 for three consecutive trading days.
1. Conditional measures approved
At an extraordinary general meeting on November 9, 2026, Ucommune shareholders approved a conditional share consolidation and authorized capital increases. The consolidation would proceed only if the closing bid price per Class A ordinary share remains below $1 for three consecutive trading days.
2. Ratio and authorized capital
The consolidation ratio would range from 10:1 to 2:1, with the highest ratio expected to preserve at least 500,000 publicly held shares. Depending on the ratio, authorized capital would increase to 1 billion shares, with a stated value ranging from $480 million to $2.4 billion; the increase would not itself issue shares, and all additional shares would remain unissued.
