Zeta Network Group Shareholders Approve Major Capital Restructuring at May 8 EGM

Zeta Network ( (ZNB) ) has shared an update.

On May 8, 2026, Zeta Network Group held an extraordinary general meeting in Beijing, where shareholders representing about 72% of outstanding shares voted on a sweeping overhaul of the company’s capital structure. Investors approved a reduction of the par value of each ordinary share from US$0.25 to US$0.0025, the subdivision of authorized but unissued shares, and the transfer of the resulting capital credit into a distributable reserve that can be used, among other purposes, to offset accumulated losses.

Following the reduction, shareholders also backed increasing the company’s authorized share capital from US$320,000 to US$32 million by creating billions of additional Class A and Class B ordinary shares, significantly expanding the capacity for future equity issuance. They further approved the Ninth Amended and Restated Memorandum and Articles of Association to embed these changes and authorized the board to implement a future share consolidation within a wide 2‑for‑1 to 4,000‑for‑1 range over the next three years, positioning Zeta Network Group with substantial structural flexibility for capital management and potential corporate actions.

More about Zeta Network

Zeta Network Group is a Cayman Islands–incorporated company with its principal executive office in New York and a registered office in Grand Cayman. The company is listed on the Nasdaq Capital Market and has a dual-class share structure of Class A and Class B ordinary shares, which it can issue, repurchase, subdivide, or consolidate subject to Cayman law and its articles of association.

Its corporate objects are unrestricted under Cayman law, allowing it to conduct any lawful business globally as principal, agent, or contractor. The firm can alter its capital structure, register in other jurisdictions, and adopt amended constitutional documents, giving the board wide flexibility in corporate and financing transactions.

Average Trading Volume: 106,263

Technical Sentiment Signal: Strong Sell

Current Market Cap: $2.64M

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