Greenland Mines Ltd 8-K

What Happened
Greenland Mines Ltd (GRML) filed an 8-K on June 22, 2026, reporting that its stockholders approved a proposal at a June 18, 2026 special meeting to authorize one or more reverse stock splits of the company’s common stock. Each reverse split may be set by the Board at an exchange ratio between 1-for-2 and 1-for-50 at any time prior to and including March 31, 2027, provided the aggregate exchange ratio of all reverse splits does not exceed one-for-60.

Key Details

• Record date for the special meeting: April 23, 2026; shares outstanding on that date: 121,238,660.
• Shares present (in person or by proxy) at the meeting: 45,111,132 (quorum).
• Final vote on the Reverse Stock Split Proposal: For 42,878,771; Against 2,210,259; Abstain 22,102; Broker Non-Votes 0.
• The Board may implement one or multiple reverse splits within the 1-for-2 to 1-for-50 range through March 31, 2027, with a maximum combined exchange ratio of 1-for-60.

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases the per-share price proportionally. For investors, this authorization gives the Board flexibility to consolidate shares (potentially to meet listing standards or alter per-share market metrics) but does not change any shareholder’s proportionate ownership until (and unless) the Board elects to implement a split. The 8-K documents the shareholder approval and the exact voting outcome; any future implementation will require a Board decision and will be disclosed separately.