Recent Updates — TGHL
GrowHub Ltd held extraordinary general meetings on August 5, 2026, where shareholders approved the adoption of amended and restated memorandum and articles of association. The company also secured approval to increase its authorized share capital from US$50,000 (100 million shares) to US$2,525,000 (5 billion Class A and 50 million Class B shares). Additionally, shareholders granted the board discretion to execute a reverse share split of up to 1:200 within 12 months. The company operates in the technology sector.
On July 31, 2026, Poh Chit Wen resigned as Chief Financial Officer of The GrowHub Limited, effective upon mutual agreement. His departure was attributed to personal reasons and not due to any disagreements regarding the company's operations or policies. The GrowHub Limited operates in the technology sector, providing digital solutions for business growth.
The GrowHub Limited received a Nasdaq Hearings Panel Decision Letter on July 29, 2026, granting an exception to continue listing pending completion of a compliance plan by December 2, 2026. This follows the company's failure to meet minimum bid price and shareholders' equity requirements. The filing details a merger agreement dated July 14, 2026, with EnChem Co., Ltd., under which GrowHub will acquire EnChem America, Inc. in exchange for approximately 85% of its fully-diluted shares (142,848,176 Class A ordinary shares). This transaction constitutes a change in control, requiring the new entity to meet Nasdaq's initial listing standards. The company must demonstrate compliance with these initial rules by December 2, 2026, and promptly notify Nasdaq of significant events during the exception period. The GrowHub Limited operates in the technology sector, focusing on digital infrastructure and cloud services.
GrowHub Ltd has called an extraordinary general meeting on August 5, 2026, to seek shareholder approval for several proposals. These include increasing the authorized share capital from US$50,000 to US$2,525,000, increasing Class A shares from 75 million to 5 billion and Class B shares from 25 million to 50 million. Additionally, the board is proposing a reverse share split with an exchange ratio of up to 1:200, to be implemented at the board's discretion within 12 months of approval. The company operates in the company operates in the growth hub industry and provides growth services.
On July 14, 2026, GrowHub Limited entered into a merger agreement to acquire EnChem America, Inc., a subsidiary of EnChem Co., Ltd., for an equity value of approximately $400,000,000. GrowHub will issue 142,848,176 Class A ordinary shares, or 85% of its fully-diluted shares, as consideration. The deal is contingent upon SEC effectiveness of a Form F-1 registration statement, NASDAQ listing approval, and the conversion of the majority shareholder's Class B shares to Class A shares on a 1:1 basis. The agreement may be terminated if closing does not occur by December 2, 2026. GrowHub operates in the rechargeable battery industry, focusing on the research, development, and manufacturing of electrolytes and high functionality additives.
The GrowHub Limited received a Staff Determination Letter from Nasdaq on June 5, 2026, notifying the company of its intent to delist its securities from the Nasdaq Capital Market. The company failed to regain compliance with the $1.00 minimum bid price requirement by the June 1, 2026, deadline and does not qualify for a second 180-day compliance period because it fails to meet secondary listing requirements regarding stockholders' equity, market value, or pre-tax income. The company intends to request a hearing before the Nasdaq Hearings Panel to seek an extended stay of suspension and will present a compliance plan. GrowHub Limited is an agricultural technology company.