Mega Matrix Inc. Announces Share Consolidation of Class A Ordinary Shares
Mega Matrix Inc. announced it intends to effect a share consolidation of its ordinary shares at a ratio of 1 post-split share for every 20 pre-split shares. Under the consolidation, every twenty issued and outstanding shares will be combined into one share.
Why it matters — MPU watchers would care because the 1-for-20 share consolidation will reduce the number of outstanding ordinary shares and proportionally raise the per-share price, which could affect how the stock trades on NYSE American.