Mega Matrix Inc. Announces Share Consolidation at Ratio of 1 for Every 20 Shares
Mega Matrix Inc., listed on NYSE American under ticker MPU, announced a share consolidation plan to combine every 20 pre-split shares into one post-consolidation share. The move is set to take effect on September 15, 2026 at 4:05 p.m. New York time and will be reflected in trading from the following day under the same ticker symbol MPU. The consolidation aims to increase the company's per-share price to maintain its listing status on NYSE American. The authorized share capital structure is being adjusted, with par values for Class A, B, and C shares increasing from USD0.001 each to USD0.02 each. Outstanding warrants and equity rights will also be proportionally adjusted. Shareholders holding their shares in book-entry or street name through brokers are expected to see automatic adjustments without the need for action on their part.