On August 21, 2026, iOThree Limited shareholders approved increasing authorized ordinary shares from 70 million to 1 billion. They also mandated an immediate eight-for-one reverse stock split contingent on Nasdaq clearance and granted the Board authority to execute a subsequent consolidation between one-for-two and one-for-fifty within two years. Additionally, the company amended its articles of association to permit resolutions by written consent. iOThree Limited operates in the technology sector, providing digital infrastructure services.

iOThree Limited filed a proxy statement for an extraordinary general meeting scheduled for August 21, 2026. Shareholders are voting on four proposals: increasing authorized ordinary share capital from 70 million to 1 billion shares; effecting a one-for-eight reverse stock split subject to Nasdaq clearance; granting the Board authority to execute a subsequent share consolidation at a ratio between one-for-two and one-for-fifty within 730 days; and amending the articles of association to allow ordinary resolutions via written consent. The company operates in the Internet of Things (IoT) sector.