Singapore – September 15, 2026 -- Mega Matrix Inc. (NYSE American: MPU) will consolidate its Class A ordinary shares on a 1-for-20 basis effective 4:05 p.m. New York time on September 15, 2026, cutting its outstanding Class A share count from 62,492,148 to approximately 3,124,608.
Reverse split aims to lift trading price above NYSE American thresholds
The company said the consolidation is primarily intended to increase its per-share trading price to maintain its listing on NYSE American. Shares will begin trading on a post-consolidation adjusted basis when the market opens September 16, 2026, continuing under the ticker "MPU" with a new CUSIP number, G6005C116.
Authorized capital structure shrinks alongside share count
At the effective time, the company's authorized share capital of USD1,110,000 will be restructured. Class A authorized shares fall from 1,000,000,000 to 50,000,000 at a par value of USD0.02 each, up from USD0.001. Class B and Class C authorized shares each drop from 50,000,000 to 2,500,000, with par value rising to USD0.02. The 10,000,000 authorized preferred shares remain unchanged at USD0.001 par value.
No fractional shares issued; holders rounded up
Any fractional shares resulting from the consolidation will be rounded up to the next whole share rather than paid out in cash. Outstanding warrants and other equity rights will be proportionately adjusted to reflect the new ratio. Shareholders holding shares in book-entry form or through brokers in "street name" will have their positions automatically adjusted, with the company's transfer agent, Continental Stock Transfer & Trust Company, designated to field shareholder inquiries.