0001213900-26-054484
SEC filingTOP Financial Group Limited filed a 6-K to disclose proposals for a share capital increase and share consolidation, to be voted on at an extraordinary general meeting.
The filing announces an Extraordinary General Meeting of Shareholders to be held on May 27, 2026, to vote on five proposals. Proposal One seeks to increase authorized share capital from US$1,000,000 (1,000,000,000 shares) to US$20,000,000 (20,000,000,000 shares) by creating additional 17.1 billion Class A and 1.9 billion Class B ordinary shares. Proposal Two, conditional on Proposal One, would adopt a Third Amended and Restated Memorandum and Articles of Association to reflect the increase. Proposal Three authorizes a share consolidation of issued and unissued shares at a ratio between 1-for-2 and 1-for-20, with the final ratio determined by the Board, aimed at maintaining Nasdaq minimum bid price compliance. Proposal Four, conditional on Proposal Three, would adopt a further amended M&A to reflect the consolidation. Proposal Five allows adjournment if needed to solicit additional votes. The Board unanimously recommends voting 'FOR' all proposals. The record date for voting is May 6, 2026.