Greenpro Capital Corp. 8-K

What Happened

• Greenpro Capital Corp. (GRNQ) announced a 1-for-10 reverse stock split approved by written stockholder consent on June 18, 2026. The consent represented 11,012,377 shares, or approximately 60.97% of the Company’s voting power. No stockholder meeting was held.
• The Company intends to file a preliminary information statement on Schedule 14C and does not plan to effect the reverse split until the Regulation 14C notice period has expired. The Company anticipates the reverse split will be completed on or about July 26, 2026, subject to filing an appropriate certificate with the Nevada Secretary of State and completion of applicable regulatory/exchange processes.

Key Details

• Reverse split ratio: 1-for-10 (every 10 pre-split shares → 1 post-split share).
• Stockholder approval: written consent on June 18, 2026 by holders of 11,012,377 shares (~60.97% voting power).
• Fractional shares: no fractional shares will be issued; holders who would receive a fractional share will instead receive one whole share (rounded up), with no cash payment.
• Purpose stated: management intends the split primarily to increase the per-share trading price; management considered its strategic initiatives including a digital banking license application under the Malaysia Labuan Financial Services Authority framework.
• Additional effects: authorized shares will not be reduced proportionately, increasing authorized but unissued shares available for future issuance. The Company remains subject to Exchange Act reporting and says the split is not a “going private” transaction.

Why It Matters

• For investors, the reverse split will reduce the number of outstanding shares by roughly a factor of 10 (subject to rounding for fractional shares) and raise the per-share price on a pro rata basis. Shareholders who hold through brokers need take no action; certificated holders may submit certificates to the transfer agent (VStock Transfer, LLC) to receive updated certificates.
• The split is intended to address low-priced stock perceptions, which may affect listing, institutional interest, or market perception, but the Company expressly cautions there is no guarantee it will produce a sustained price increase or benefit its strategic/regulatory efforts.