On June 18, 2026, the Board of Directors and stockholders of Greenpro Capital Corp., a Nevada corporation (the "Company"), approved a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.0001 (the "Common Stock"), at a ratio of 1-for-10 (the "Reverse Stock Split"). The Reverse Stock Split was approved by written consent of stockholders holding 11,012,377 shares of the Company’s voting capital stock, representing approximately 60.97 % of the voting power of the Company’s outstanding voting capital stock. No meeting of stockholders was held.
Item 8.01 Other Events.
The Company is providing the following additional information regarding the Reverse Stock Split. The Company intends to file a preliminary information statement on Schedule 14C with the Securities and Exchange Commission and, following the applicable waiting period and completion of any SEC review process, if any, to file and mail or otherwise furnish a definitive information statement to its stockholders in accordance with Regulation 14C under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company does not intend to effect the Reverse Stock Split until the applicable notice period under Regulation 14C has expired. The Company anticipates that the Reverse Stock Split will be completed on or about July 26, 2026, or as soon as practicable thereafter, subject to the filing and effectiveness of an appropriate certificate with the Secretary of State of the State of Nevada and the completion of applicable regulatory and exchange processes.
Reason for the Reverse Stock Split
The Company is effecting the Reverse Stock Split primarily to increase the per share trading price of its Common Stock. In determining to proceed with the Reverse Stock Split, management considered, among other factors, the Company’s ongoing strategic initiatives, including its application for a digital banking license under the Malaysia Labuan Financial Services Authority framework. Management believes that a higher per-share trading price may help address certain negative perceptions associated with low-priced securities. However, there can be no assurance that the Reverse Stock Split will result in a sustained increase in the trading price of the Common Stock or will have any favorable effect on the Company’s strategic initiatives, regulatory applications or relationships with third parties.
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