1-for-500 Reverse Split & Rebranding Finalized for BILI Social International

summarizeSummary

BILI Social International, Inc. (formerly Allied Energy, Inc.) finalized an aggressive 1-for-500 reverse stock split and a complete rebranding, effective June 5, 2026, aiming to reset its stock structure and market perception.

check_boxKey Events · Corporate Governance and Compliance · AGGI

• 1-for-500 Reverse Stock Split Finalized

  The company will execute an aggressive 1-for-500 reverse stock split, reducing outstanding shares from over 20 billion to approximately 40 million. This action, previously announced on March 2, 2026, is effective June 5, 2026.

• Company Name and Symbol Change

  The company is rebranding from Allied Energy, Inc. to BILI Social International, Inc. The OTC trading symbol will temporarily change to 'AGGID' on June 5, 2026, before becoming 'BSCL' after 20 business days.

• Fractional Shares Cashed Out

  No fractional shares will be issued as a result of the reverse split; instead, holders will receive cash based on the closing sales price of the common stock on the trading day immediately preceding the effective date.

auto_awesomeAnalysis · AGGI · Trade & Services

This 8-K finalizes a highly aggressive 1-for-500 reverse stock split, a name change, and a new ticker symbol, effective June 5, 2026. While the company recently reported a return to profitability, this extreme reverse split is typically a measure taken by micro-cap companies to raise their per-share price, often to meet exchange listing requirements or improve market perception. Such a significant reduction in outstanding shares, coupled with a complete rebranding, suggests a critical effort to reset the company's market image and stock structure. Investors should be aware of the potential for continued volatility following such a drastic corporate action.