#Singapore #Mega Matrix #FlexTV #Share Consolidation

Mega Matrix Inc. Annual General Meeting Results

On June 22, 2026, Mega Matrix Inc. held its Annual General Meeting (AGM) virtually, where significant proposals were presented and ultimately approved by the shareholders. The outcomes of these resolutions are critical for the company's future trajectory and strategic direction.

Key Proposals Voted On

The first resolution was the election of four individuals to the board of directors. Shareholders voted in favor of this ordinary resolution, ensuring that these members will serve until the next AGM or until they resign, are removed, or exit their roles. This decision is pivotal as it provides a steady governance structure that can steer the company through upcoming challenges and opportunities.

Next, shareholders approved a substantial share consolidation strategy. The consolidation will affect all classes of shares (Class A, B, and C), merging twenty existing shares into one new share. The Board retains the discretion to adjust this ratio, but it must not fall below three existing shares for each new share. The rationale behind this consolidation is to streamline the share structure and enhance market performance, making the stock more attractive to investors.

Moreover, following the consolidation, an amended and restated memorandum and articles of association were adopted to reflect the new share structure. This is a critical administrative step that aligns the company’s governance documents with its updated equity structure, fostering clarity and compliance with regulatory frameworks.

Finally, shareholders voted to appoint Audit Alliance LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. This decision underscores the company’s commitment to transparency and robust financial oversight, a crucial aspect in maintaining investor trust and confidence.

About Mega Matrix Inc.

Mega Matrix Inc., traded on NYSE American under the ticker MPU, operates as a holding company and is known for its flagship product, FlexTV, which is a short-video streaming platform that produces engaging short dramas through its subsidiary, Yuder Pte, Ltd. Headquartered in Singapore and incorporated in the Cayman Islands, the company focuses on delivering high-quality entertainment content while ensuring sound financial practices.

As Mega Matrix Inc. navigates its post-AGM phase, it faces an array of opportunities and challenges in the fast-evolving media landscape. The board's approval of these critical proposals marks a significant step forward in strengthening the company’s market position and addressing the evolving demands of its shareholders. Investors and market analysts will be keenly observing how these strategic changes translate into operational performance and shareholder value in the coming months.

Conclusion

The results from the Annual General Meeting indicate a proactive approach by Mega Matrix Inc. to adapt and evolve in a competitive environment. The decisions made reflect a commitment to not only corporate governance but also to enhancing shareholder value and expanding the company’s operational potential. As the company moves forward with these changes, stakeholders will be watching closely for the impacts of these pivotal decisions on its future growth trajectories.

For further details or inquiries, please visit Mega Matrix's official website or follow their updates on various social media platforms.