Real Messenger Corporation's board approved following Cayman Islands practices in lieu of Nasdaq Rule 5635 regarding shareholder approval for certain dilutive events.
Key takeaways
The board of directors approved the practice change on 16 March 2026.
The company will follow Cayman Islands laws instead of Nasdaq Rule 5635 for specific dilutive events.
Affected events include acquisitions, change of control issuances, equity compensation plans, and 20% issuances below minimum price.
Ogier confirmed the practice is not prohibited under Cayman Islands law or the Company's memorandum and articles of association.