GMEX Robotics Corporation (NASDAQ:GMEX) (the "Company"), today announced that it will effect a share consolidation of (i) its issued and unissued existing Class A ordinary shares, par value of $0.0128 per share, at a ratio of 1-for-7, with a post-share consolidation par value of $0.0896, and (ii) its issued and unissued existing Class B ordinary shares, par value of $0.0032, at a ratio of 1-for-28, with a post-share consolidation par value of $0.0896, effective on May 1, 2026 (the "Share Consolidation"). The Company's Class A ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on May 1, 2026. Upon the market opening on May 1, 2026, the Company's Class A ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol "GMEX" with the new CUSIP number G3514S120. This decision represents a deliberate capital structure optimization, aligning the company's market profile with its significant operational progress and ambitious future roadmap.
The Share Consolidation was approved by the Company's board of director on April 6, 2026. Pursuant to the BVI Business Companies Act (as amended) and the Company's Memorandum and Articles of Association, the Company's Board of Directors is authorized to effect the Share Consolidation without the approval of the Company's shareholders. Accordingly, no shareholder vote, consent or approval is required or will be sought in respect of the Share Consolidation.
As of April 28, 2026, there were 6,007,099 of the Company's Class A ordinary shares outstanding and 201,250 Class B ordinary shares outstanding. Effecting the Share Consolidation will reduce the outstanding Class A ordinary shares to 858,157 and the outstanding Class B ordinary shares to 7,188. As a result of the Share Consolidation, the Company is authorised to issue a maximum of 22,321,429 shares of US$0.0896 par value each divided into (a) 22,033,929 Class A ordinary shares of a par value of US$0.0896 each; and (b) 287,500 Class B ordinary shares of a par value of US$0.0896 each.
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