Kun Peng International Ltd. 8-K

What Happened

• Kun Peng International Ltd. (KPEA:OTC) announced a 1-for-10 reverse stock split of its $0.0001 par value common stock, effective in the marketplace on June 2, 2026. The Board and shareholders (approving ~85.4% by written consent on January 20, 2026) authorized the split and related charter changes.
• The company filed a Certificate of Change under Nevada law to amend its Articles of Incorporation to reduce authorized common shares and increase par value.

Key Details

• Reverse split ratio: 1-for-10; outstanding shares reduced from 400,000,000 to approximately 40,000,000 (fractional shares rounded up to the nearest whole share).
• Authorized shares changed from 1,000,000,000 to 100,000,000 and par value increased from $0.0001 to $0.001 per share.
• Trading: common stock will trade on an adjusted basis on the OTC Market starting June 2, 2026; ticker temporarily changes to "KPEAD" for 20 trading days, then reverts to "KPEA". Post-split CUSIP: 12672T 207.
• Corporate approvals: Board and shareholders (≈85.4% consent) approved the actions; a Certificate of Change and a press release were filed as exhibits to the 8-K.

Why It Matters

• A reverse stock split reduces the number of outstanding shares and raises the per-share par value, which can affect share price per share and market perception. It does not change each shareholder’s proportional ownership (aside from rounding of fractional shares).
• The reduction in authorized shares may limit dilution capacity unless the charter is later amended again. The temporary ticker change and new CUSIP are operational details investors should note for trading and record-keeping.
• The filing is procedural and includes standard forward-looking statement language; investors should monitor for any additional corporate actions or disclosures.