BILI Social International, Inc. 8-K

What Happened

• BILI Social International, Inc. (formerly Allied Enery, Inc.) filed an 8-K to report a corporate name change, OTC ticker change and a 1-for-500 reverse stock split. The Board approved these actions and majority stockholders (51.3% of voting securities) consented on March 2, 2026. The company filed amended Articles of Incorporation on May 28, 2026; FINRA processed and announced the changes on June 4, 2026, and the changes are effective in the market on June 5, 2026.

Key Details

• Reverse split ratio: 1-for-500; outstanding shares reduced from 20,194,429,021 to approximately 40,388,859.
• Trading symbol: will trade post-split under temporary symbol “AGGID” for 20 business days, then change to “BSCL.”
• CUSIP change: new CUSIP will be 019153204.
• Fractional shares: no fractional shares issued — holders will receive a cash payment (no interest) equal to the OTC closing price on the trading day immediately preceding the Effective Date multiplied by the fractional share amount.

Why It Matters

• The reverse split and name/ticker changes are material corporate actions that alter the company’s share count and how its stock appears on the OTC market. For existing shareholders, the split consolidates every 500 pre-split shares into one post-split share, and holders with fractional results will be cashed out based on the pre-split closing price. Investors should note the temporary symbol change and the eventual new permanent ticker, and verify holdings with their broker after the June 5, 2026 effective date.