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Starbox Group Holdings Ltd. (Starbox), an advertising services provider with a market capitalization of $2.01 million and annual revenue of $6.17 million, has announced an upcoming extraordinary general meeting of shareholders, according to a recent report filed with the U.S. Securities and Exchange Commission (SEC). The meeting is scheduled to take place following the notice issued on Thursday, March 14, 2025.
The company, which is registered in the Cayman Islands and operates out of Kuala Lumpur, Malaysia, has released the notice and proxy statement for the shareholder meeting as part of its regulatory requirements under the SEC. According to InvestingPro data, the company’s stock has declined by 99.45% over the past year, with current analysis indicating an oversold condition. The meeting’s agenda and related materials were made available to shareholders as Exhibits 99.1 and 99.2 in the filing.
Starbox, listed under the SEC’s 1934 Act with the file number 001-41480, is obligated to file annual reports under Form 20-F. The filing did not disclose the specific topics to be discussed at the shareholder meeting, but such meetings typically cover significant corporate actions, financial matters, and governance issues that require shareholder approval. InvestingPro analysis reveals concerning financial metrics, including negative EBITDA of $86.41 million and rapid cash burn rate. Subscribers can access 14 additional ProTips and comprehensive financial analysis.
The company’s CEO, Lee Choon Wooi, signed off on the SEC filing dated Thursday, March 14, 2025. Starbox’s business address and contact information were provided in the report, without any additional details regarding the company’s operations or financial status.
This announcement is based on information contained in a press release statement, and it is intended to inform shareholders and the public of the upcoming event. No further details or implications of the meeting have been disclosed at this time.
In other recent news, Starbox Group Holdings Ltd. has announced an extraordinary general meeting of shareholders scheduled for February 2025. The meeting, as per a filing with the U.S. Securities and Exchange Commission, will address undisclosed matters requiring shareholder approval. The company has provided a notice and proxy statement, indicating significant issues that necessitate a formal vote. Additionally, Starbox Group Holdings Ltd. has launched a new artificial intelligence tool called StarboxAI-IntelliCampaignOptimize. This AI system, developed by its subsidiary Starbox Technologies Sdn. Bhd., aims to enhance marketing campaign performance by adjusting campaigns in real-time and providing strategic insights. The CEO, Lee Choon Wooi, highlighted the tool’s role in simplifying campaign management and supporting business growth. These developments reflect Starbox’s commitment to leveraging technology and maintaining compliance with regulatory requirements.
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