Solowin Shareholders Approve 1-for-200 Reverse Split and Massive Authorized Share Increase
AXG sits 46% above its 52-week low of $0.074 on elevated volume (1.9× avg).
Summary
Solowin shareholders approved a 1-for-200 reverse split effective 2026-10-26, a capital increase to 250 billion authorized shares, and a Class B voting power increase to 50 votes per share.
Key Events · Corporate Governance and Compliance · AXG
-
Reverse Split Approved
Shareholders approved a 1-for-200 share consolidation effective 2026-10-26, with 407.9M votes for and 0.8M against.
-
Authorized Capital Raised to 250 Billion Shares
Authorized share capital increases from US$100,000 (5,000,000 shares of US$0.02) to US$5,000,000,000 (250,000,000,000 shares of US$0.02), creating vast headroom for future issuance.
-
Class B Voting Power Increased
Class B ordinary shares will carry 50 votes per share instead of 10, concentrating control with Class B holders.
-
Articles Amended
The Third Amended and Restated Memorandum and Articles of Association was approved, effective after the split, capital increase, and voting change.
Analysis · AXG · Finance
Shareholders approved the 1-for-200 reverse split needed to regain Nasdaq compliance, but they also approved raising authorized capital to 250 billion shares of US$0.02 par value — an enormous increase that gives the board room to issue billions of new shares. Class B voting power was also raised from 10 to 50 votes per share, concentrating control. The reverse split takes effect 2026-10-26; the capital increase and voting change follow immediately after.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.9% of the 895 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AXG was trading at $0.11 on NASDAQ in the Finance sector, with a market capitalization of approximately $25.5M. The 52-week trading range was $0.07 to $4.75. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.