Mega Matrix Inc (MPU) Form 6-K — Jun 1, 2026
Mega Matrix Inc (MPU) filed a proxy statement for its 2026 Annual General Meeting, proposing a reverse stock split of up to 20-for-1 to address NYSE American listing compliance concerns. The company received a courtesy notice from the exchange regarding its declining share price, which raises concerns about suitability for auction market trading. The board is seeking shareholder approval to consolidate shares at a ratio between 3-for-1 and 20-for-1, determined at the board's discretion. This move is intended to increase the per-share trading price to meet continued listing requirements and appeal to a broader range of investors.
Key figures
- Shares Outstanding
- 62,429,548 Class A; 2,809,977 Class B; 3,123,723 Class C
- Par value
- USD 0.001
- Proposed max ratio
- 1:20
- Proposed min ratio
- 1:3
- Reverse split ratio range
- 1:3 to 1:20
AI analysis
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