iOThree Ltd (IOTR) Form 6-K — Aug 7, 2026
iOThree Limited has called an extraordinary general meeting for August 21, 2026 in Singapore, where shareholders will vote on a 1-for-8 reverse share split and an increase in authorized ordinary shares from 70,000,000 to 1,000,000,000. The authorized share capital would rise from US$5,000,000 to US$63,125,000. The fixed reverse split is conditioned on Nasdaq clearance, and the proxy states a higher per-share price may support the Company's continued compliance with Nasdaq listing requirements, a clear signal of price-based listing risk.
Key figures
- Shares Outstanding
- 3,032,199 ordinary shares and 1,831,675 Class A shares outstanding as of the July 20, 2026 record date; no preferred shares outstanding
- Record date
- July 20, 2026
- Meeting date
- August 21, 2026
- Vote thresholds
- simple majority for Proposals 1-3; two-thirds for Proposal 4
- Reverse split ratio
- 1:8
- Class a votes per share
- 50
- Par value pre split usd
- 0.0625
- Ordinary votes per share
- 1
- Par value post split usd
- 0.5
- Consolidation window days
- 730
- Additional authorized shares
- 930000000
- Authorized capital after usd
- 63125000
- Authorized capital before usd
- 5000000
- Follow on consolidation range
- 1-for-2 to 1-for-50
- Authorized ordinary shares after
- 1000000000
- Authorized ordinary shares before
- 70000000
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.