Shareholders Back 4,000x Share Increase, 5-for-1 Reverse Split, and SANGRIX Rebranding

summarizeSummary

Shareholders approved a 4,000x authorized share increase, a 5-for-1 reverse split effective August 21, and a name change to SANGRIX INC., giving the company massive dilution headroom amid its AI pivot.

check_boxKey Events · Corporate Governance and Compliance · BTOG

• Shareholders Approve 4,000x Share Increase

  Authorized Class A shares increase from 237.5 million to 950 billion, and Class B from 12.5 million to 50 billion, providing massive dilution headroom.

• 5-for-1 Reverse Split Effective August 21

  Every five Class A and Class B shares will consolidate into one share, reducing outstanding shares from approximately 4.16 million to about 832,000.

• Name Change to SANGRIX INC. Approved

  The company will rebrand from BIT ORIGIN LTD to SANGRIX INC., reflecting its strategic shift toward AI infrastructure.

• Voting Results and Quorum

  All proposals passed with over 98% approval; quorum represented 42.18% of total voting power.

auto_awesomeAnalysis · BTOG · Crypto Assets

At the August 11 extraordinary general meeting, shareholders approved all seven proposals, including a massive authorized share capital increase from 250 million to 1 trillion Class A shares, a 5-for-1 reverse split effective August 21, 2026, and a name change to SANGRIX INC. The share increase gives the company enormous headroom to issue new shares, which is critical given its recent going concern warning and dilutive financing activities. The reverse split will reduce the outstanding share count from approximately 4.16 million to about 832,000 shares, potentially boosting the per-share price but not changing the company's market value. The name change signals a strategic pivot toward AI infrastructure, aligning with the recent $11 million NVIDIA server acquisition.