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Zeta Network ( (ZNB) ) just unveiled an announcement.
On April 14, 2026, Zeta Network Group notified investors that it will convene an extraordinary general meeting in Beijing on May 8, 2026 to vote on a sweeping reorganization of its share capital. The board is asking shareholders to approve a sharp reduction in the par value of existing Class A and Class B shares, a subdivision and cancellation of excess authorized shares, and the transfer of the resulting capital credit into a distributable reserve that could be used, among other things, to offset accumulated losses.
Following the reduction and reorganization, the company is seeking authorization to increase its total share capital from US$320,000 to US$32,000,000 by creating billions of additional Class A and Class B shares, while simultaneously replacing its existing constitutional documents with a ninth amended memorandum and articles of association. The board also wants a flexible mandate to carry out a substantial share consolidation, at a ratio between 2-for-1 and 4,000-for-1 within three years, and to later adopt a tenth amended memorandum and articles to reflect that move, a package of measures that could reshape its capital structure and future financing capacity.
More about Zeta Network
Zeta Network Group is a Cayman Islands–incorporated company with executive offices in New York and an operational presence in Beijing. The firm has a dual-class share structure with Class A and Class B ordinary shares and is listed as a foreign issuer with the U.S. Securities and Exchange Commission, positioning it to access international capital markets.
Average Trading Volume: 107,828
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.7M
See more data about ZNB stock on TipRanks’ Stock Analysis page.