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Mega Matrix Inc. (NYSE:MTIX), currently trading at $4.19 with a "FAIR" financial health rating according to InvestingPro, announced Friday that shareholders approved several key proposals at its Extraordinary General Meeting held earlier in the day in Singapore, according to a statement based on a recent SEC filing.
Shareholders passed an ordinary resolution to increase the company’s authorized share capital to $1,110,000. The revised capital structure now consists of 1,000,000,000 class A ordinary shares, 50,000,000 class B ordinary shares, 50,000,000 newly created class C ordinary shares, and 10,000,000 preferred shares, all with a par value of $0.001 each. The increase was achieved by adding 900,000,000 class A ordinary shares and 40,000,000 class B ordinary shares, as well as creating the new class C ordinary shares.
A special resolution was also approved to adopt the Third Amended and Restated Memorandum and Articles of Association of the company, contingent on the share capital increase taking effect and the sole class B shareholder consenting to the variation of class rights. The updated memorandum and articles became effective Friday following the meeting.
In addition, shareholders adopted the Mega Matrix Inc. 2025 Equity Incentive Plan by ordinary resolution.
The company stated that an updated description of its securities, reflecting the revised rights and privileges under the new memorandum and articles, has been attached to the filing.
The information in this article is based on a statement included in the company’s SEC filing.
In other recent news, Noah Holdings Ltd has announced updates to its dividend payout for the year ending December 31, 2024. The company has filed a Form 6-K with the U.S. Securities and Exchange Commission, detailing revised final and special dividends, signaling its commitment to returning value to shareholders. Obsidian Energy Ltd. has provided an operations update as part of its latest SEC filing, although specific operational details were not disclosed. This filing underscores the company’s adherence to regulatory requirements and transparency with investors. Cellectis S.A. has announced a forthcoming change to its Board of Directors, with Pierre Bastid resigning after the upcoming Combined General Meeting of Shareholders. The resignation is noted to be without any disagreements with the company’s operations. Canadian Solar Inc. has filed a Form 6-K with the SEC, which includes important documents like the Notice of Annual Meeting of Shareholders and the Management Information Circular. These documents are crucial for the company’s corporate governance and inform shareholders about the upcoming annual meeting.
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