BIT ORIGIN Ltd is holding an Extraordinary General Meeting on August 11, 2026, to vote on several corporate actions. Shareholders are asked to approve a name change to Sangrix Inc. and an increase in authorized share capital to US$60,000,000, creating up to 1 trillion Class A and 50 billion Class B ordinary shares. Crucially, the company seeks authorization to implement one or more share consolidations (reverse stock splits) within the next two years, with a cumulative ratio not exceeding 4000:1. This measure aims to maintain compliance with Nasdaq’s minimum bid price requirement and avoid delisting. The company operates in the digital asset and blockchain technology industry.
