Shareholders Approve New Reverse Stock Split Authority Up To 1-for-250

summarizeSummary

Fitness Champs Holdings Ltd. shareholders approved a resolution authorizing the Board to implement another reverse stock split at a ratio between 1-for-2 and 1-for-250 within 180 days.

check_boxKey Events

• New Reverse Split Authority Approved

  Shareholders approved a resolution granting the Board discretion to implement a share consolidation (reverse stock split) at a ratio between 1-for-2 and 1-for-250 within 180 days.

• Follows Recent Reverse Split

  This approval comes as a previously announced 15-for-1 reverse stock split became effective on March 23, 2026, as reported in a prior 6-K filing.

auto_awesomeAnalysis

This filing confirms the effective date of a prior 15-for-1 reverse stock split and, more significantly, reveals that shareholders have now authorized the Board to implement *another* reverse stock split with a much wider and potentially more aggressive range (up to 1-for-250). For a micro-cap company, repeated reverse stock splits often signal ongoing struggles with maintaining exchange listing requirements and a declining share price. This authorization creates significant uncertainty and potential for further value destruction for existing shareholders, indicating severe underlying challenges for the company.