Marvion Approves 1-for-100 Reverse Split, Name Change to United KSK, and New Incentive Plan
MVNC is trading near its 52-week low of $0.003 (2.2% above the low) on light trading volume (0.3× avg).
Summary
Marvion Inc. approved a 1-for-100 reverse stock split, a decrease in authorized shares, a name change to United KSK Corporation, and a new stock incentive plan via written consent on August 11, 2026.
Key Events · Corporate Governance and Compliance · MVNC
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1-for-100 Reverse Stock Split Approved
Outstanding common shares will be reduced from 390,024,555 to approximately 3,900,246, effective 20 days after mailing the information statement.
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Authorized Capital Decreased
Authorized shares drop from 300 billion to 1 billion (970 million common + 30 million preferred), still leaving significant headroom for future issuance.
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Name Change to United KSK Corporation
The company will rebrand to United KSK Corporation, reflecting a shift toward logistics and warehousing businesses.
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New 2026 Stock Incentive Plan
590,000 shares reserved for equity awards, with an evergreen feature adding 2.5% of outstanding shares annually starting 2028.
Analysis · MVNC · Crypto Assets
A sweeping set of corporate actions was approved by Marvion's board and majority stockholders via written consent on August 11, 2026. The 1-for-100 reverse stock split will shrink outstanding shares from 390 million to roughly 3.9 million, while the authorized capital decrease from 300 billion to 1 billion shares still leaves substantial headroom for future issuance. The name change to United KSK Corporation signals a strategic pivot, and the new 2026 Stock Incentive Plan reserves 590,000 shares for equity awards. These moves come as the company trades near its 52-week low and faces a going concern risk with a $3.9 million working capital deficit, suggesting the reverse split is aimed at boosting the share price to attract financing and business opportunities.
At the time of this filing, MVNC was trading at $0.00 on OTC in the Crypto Assets sector, with a market capitalization of approximately $1.2M. The 52-week trading range was $0.00 to $0.04. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.