Blue Gold Limited is seeking shareholder approval at an extraordinary general meeting on November 17, 2026, for a one-for-twenty (1:20) reverse stock split. The consolidation aims to raise the per-share trading price and restore compliance with Nasdaq’s minimum bid price requirement of $1.00, following deficiency notices received in July 2026 regarding both the bid price and market value thresholds. The proposal also includes revoking prior resolutions that attempted to delegate split ratio authority to the board, which were deemed inconsistent with Cayman Islands law, and amending the company’s memorandum and articles of association to reflect the new share structure. Additionally, shareholders are asked to approve an amendment to the 2025 Equity Incentive Plan to increase authorized shares by 300,000 on a post-split basis. Blue Gold Limited operates in the gold mining sector.
