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Integrated Media Technology seeks shareholder approval for a reverse share split to regain Nasdaq compliance
IMTEIntegrated Media Technology Ltd
Integrated Media Technology Limited has called an Extraordinary General Meeting for November 25, 2026, to seek shareholder approval for a proposed reverse share consolidation. The company is facing delisting risks from the Nasdaq Capital Market due to non-compliance with the $1.00 minimum bid price requirement. Shareholders are asked to authorize a consolidation ratio between one-for-two and one-for-ten, with the exact whole-number ratio to be determined by the Board at its discretion based on market conditions and compliance status closer to implementation. The effective date would be set by the Board no later than July 31, 2027. If approved, the consolidation aims to raise the share price above $1.00 for ten consecutive business days to maintain listing status. Integrated Media Technology Limited operates in the media technology sector.