GrowHub Sets 12 November EGM to Vote 1-for-10 Reverse Share Split
TGHL sits 96% above its 52-week low of $0.27.
Summary
GrowHub filed EGM materials for a 12 November 2026 shareholder vote on a 1-for-10 reverse share split of its Class A and Class B shares, alongside a new charter reflecting the consolidation. The split is proposed, not effective, and lands ahead of the company's 2 December 2026 Nasdaq listing exception deadline.
Key Events · Corporate Governance and Compliance · TGHL
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1-for-10 Reverse Split Proposed
An EGM is set for 12 November 2026 (Singapore time) to vote an ordinary resolution consolidating every ten Class A and every ten Class B shares into one share of the applicable class.
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Authorized Capital Restructured
Authorized capital moves from 5,050,000,000 shares at US$0.0005 par (5,000,000,000 Class A plus 50,000,000 Class B) to 505,000,000 shares at US$0.005 par (500,000,000 Class A plus 5,000,000 Class B), total unchanged at US$2,525,000.
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New Charter Requires Special Resolution
Proposal 3 adopts a Third Amended and Restated Memorandum and Articles of Association replacing the version adopted 5 August 2026, requiring a special resolution; fractional entitlements may be rounded up at the directors' discretion.
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Nasdaq Deadline Looms
The vote precedes the 2 December 2026 expiration of GrowHub's conditional Nasdaq listing exception granted to complete its reverse merger with EnC.
Analysis · TGHL · Technology
Shareholders are being asked to approve a 1-for-10 consolidation of both share classes, a move that would cut the authorized share count from 5.05 billion to 505 million and lift par value from US$0.0005 to US$0.005. The proposal lands while GrowHub operates under a Nasdaq conditional listing exception running through 2 December 2026, tied to its reverse merger with EnC; a reverse split is the standard tool for regaining price compliance before that deadline. Approval is not certain and the split has not taken effect — the vote is the gate. If it passes, the stock's per-share price mechanically rises tenfold while the economic value of each holder's stake is unchanged, and the reduced share count leaves far less authorized headroom for future issuance.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. 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, TGHL was trading at $0.53 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.4M. The 52-week trading range was $0.27 to $2.48. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.