Fitness Champs Holdings Ltd (FCHL) Form 6-K — Jun 11, 2026
Fitness Champs Holdings (FCHL) is holding an Extraordinary General Meeting on June 29, 2026, to seek shareholder approval for a potential reverse stock split of up to 500:1. The board states this action is necessary to maintain compliance with Nasdaq’s $1.00 minimum bid price rule, signaling severe listing risk and financial distress. The company has already executed a 30:1 reverse split in March 2026, yet continues to face delisting threats. The filing also proposes increasing authorized share capital from $500,000 to $23 million, creating over 10 billion additional Class A shares for potential future dilution or financing.
Key figures
- Par Value
- 0.00225
- Ceo Ownership Percent
- 1.47
- Ceo Voting Power Percent
- 42.68
- Class BShares Authorized
- 22222222.22
- Class AShares Outstanding
- 1299391
- Class BShares Outstanding
- 19351
- Preferred Shares Authorized
- 22222222.22
- Authorized Share Capital Current
- 500000
- Authorized Share Capital Proposed
- 23000000
- Max Reverse Split Ratio
- 500:1
- Min Reverse Split Ratio
- 2:1
- Prior Reverse Split Date
- 2026-03-20
- Prior Reverse Split Ratio
- 30:1
AI analysis
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