KUALA LUMPUR, Malaysia, June 24, 2026 /PRNewswire/ -- GIBO Holdings Ltd. (NASDAQ: GIBO) ("GIBO" or the "Company") today announced the date of effectiveness and the ratio of a forthcoming share consolidation of the Company's ordinary shares.
On April 6, 2026, the Company's shareholders, at an extraordinary general meeting of the Company (the "EGM"), approved to, among other things, authorize the board of directors of the Company (the "Board"), at its absolute and sole discretion, to implement one or more share consolidation(s), and determine exact consolidation ratio(s) and effective date(s) of such share consolidation(s) during a period of two years following the date of the EGM, provided that the accumulative consolidation ratio for all share consolidation(s) shall not exceed one-hundred (100)-for-one (1).
On May 25, 2026, the Board approved to effect a share consolidation at a ratio of twenty-five (25)-for one (1) of the Company's issued and unissued Class A ordinary shares and Class B ordinary shares, whereby every 25 authorized issued and unissued Class A ordinary shares, par value US$0.0002 each, will be consolidated into one Class A ordinary share, par value US$0.005 each, and every 25 authorized issued and unissued Class B ordinary shares, par value US$0.0002 each, will be consolidated into one Class B ordinary share, par value US$0.005 each.
The Company anticipates that beginning with the opening of trading on June 29, 2026, the Company's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis and will have a new CUSIP number, G38617133.
The share consolidation affects all issued and outstanding ordinary shares of the Company. In addition, the share consolidation reduces the number of Class A ordinary shares issuable upon the exercise of the Company's warrants in proportion to the ratio of the share consolidation and causes a proportionate increase in the exercise prices of such warrants. The share consolidation affects all shareholders uniformly and will not alter any shareholder's percentage interest in the Company's equity. No fractional shares will be issued; instead, shareholders who would otherwise be entitled to a fractional share will have their entitlement rounded down to the nearest whole share.
The Company anticipates that the share consolidation will increase the market price per share of the Company's Class A ordinary shares and will improve the marketability of its shares.
Registered shareholders holding pre-consolidated shares of the Company are not required to take any action to receive post-consolidated shares. Shareholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the share consolidation, and will not be required to take any action in connection with the share consolidation.
About GIBO Holdings Limited
GIBO Holdings Ltd. is a unique and integrated AIGC animation streaming platform with extensive functionalities provided to both viewers and creators that serves a broad community of young people across Asia to create, publish, share and enjoy AI-generated animation video content. With over 83 million registered users and advanced AI-powered tools, GIBO seeks to redefine the landscape of digital content creation.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's ability to scale and grow its business, the Company's advantages and expected growth, the Company's ability to source and retain talent, and the Company's cash position, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.
Contact Information
Investor Relations:
Bill Zima
ICR, Inc.
[email protected]
Media Relations:
Edmond Lococo
ICR, Inc.
[email protected]
SOURCE GIBO Holdings Ltd.
